Overview

• Nvidia will buy Intel common stock at $23.28 per share for a roughly $5 billion stake that is expected to represent about 4% of Intel, subject to regulatory approvals.
• The companies will co-develop multiple generations of products, including custom x86 data‑center CPUs that Nvidia will package with its GPUs using proprietary high‑speed links and PC system‑on‑chips integrating Nvidia RTX GPU chiplets.
• The collaboration is a commercial arrangement with no licensing component, and it does not include Intel manufacturing Nvidia chips.
• Markets reacted sharply, with Intel shares up about 30% in premarket trading and Nvidia up roughly 3%, while AMD and U.S.-listed TSMC shares fell in early trade.
• The announcement follows fresh backing for Intel, including a roughly 10% U.S. government stake and a $2 billion SoftBank investment, with Jensen Huang and Lip‑Bu Tan set to brief media at 1 p.m. ET.