Overview
- Nvidia will acquire Groq’s divisions tied to chip development under a non‑exclusive license while Groq remains independent under CEO Simon Edwards and keeps its GroqCloud business.
- Groq president Sunny Madra and founder‑CEO Jonathan Ross will join Nvidia to help advance and scale the licensed technology.
- Jensen Huang said Nvidia will integrate Groq processors into its AI fabric to broaden support for inference and real‑time workloads, emphasizing that Nvidia is not buying Groq as a company.
- Following the announcement, Nvidia shares rose about 0.8% to trade above $190.16.
- The transaction is Nvidia’s largest to date, topping its roughly $7 billion Mellanox purchase, and follows Groq’s recent $750 million funding backed by Samsung and Cisco.