Nvidia Completes $5 Billion Purchase of Intel Shares After Antitrust Approval
The cash infusion is portrayed as near-term relief for Intel after years of costly expansion.
Overview
- Nvidia finalized the acquisition on December 29, buying more than 214.7 million Intel common shares in a private placement.
- The deal priced the shares at $23.28 each, honoring terms first disclosed in September.
- U.S. antitrust agencies cleared the investment earlier in December, according to the Federal Trade Commission.
- Coverage characterizes the transaction as providing immediate liquidity to Intel rather than signaling a change in control.
- Nvidia, a leading designer of AI chips, now holds a substantial minority stake as part of a financial investment rather than an operational tie-up.