Overview

• Under the agreement, Nvidia will buy newly issued Intel shares for $5 billion at $23.28 apiece, a stake Reuters says would be about 4% after issuance, subject to customary approvals.
• Intel will build Nvidia‑custom x86 server CPUs for Nvidia’s AI platforms and will build and sell PC x86 system‑on‑chips that integrate Nvidia RTX GPU chiplets, with the architectures linked via NVLink.
• Nvidia CEO Jensen Huang said the White House had no role in the deal and reiterated that TSMC remains Nvidia’s primary fabricator, leaving manufacturing allocation details unspecified.
• Intel shares jumped roughly 22%–30% to a 52‑week high after the announcement, while analysts lauded the strategic upside but noted timelines are unclear and near‑term competitive impact may be limited.
• The move follows an ~$8.9–9 billion U.S. government stake and SoftBank’s $2 billion investment in Intel, as four former Intel directors publicly urged taking the company private to separate design and manufacturing.