Intel completes $5 billion share sale to Nvidia

Intel Corporation finalized a $5 billion private share sale to Nvidia, involving the issuance of approximately 215 million shares at a price of $23.28 per share, as detailed in a recent SEC filing. This transaction stems from a stock purchase agreement signed in mid-September, which underpins a multi-year collaboration between the two companies. The partnership focuses on co-developing custom data-center CPUs and new PC chips that merge Intel's x86 designs with NVIDIA's RTX GPU chiplets. Intel will manufacture these processors, which NVIDIA will then integrate into its AI platforms across hyperscale, enterprise, and consumer markets, aiming to tightly couple Intel CPUs with NVIDIA's accelerated computing stack via NVLink. Following the announcement of the sale's completion, Intel shares saw an increase in premarket trading on Monday.

(Source：Crypto Briefing)