Intel set to buy AI chip specialist as it scrambles to catch up with AMD, Nvidia

• Intel moves toward SambaNova as competitors gain ground in AI hardware
• DeepSeek’s rapid progress intensifies urgency around Intel’s acquisition strategy
• SambaNova showcases its hardware strength through DeepSeek model deployment claims

AMD and Nvidia’s growing influence in artificial intelligence hardware has put pressure on Intel, prompting it to pursue the acquisition of SambaNova Systems.

The company has signed a term sheet that outlines a potential deal, according to sources who spoke to Wired.

The agreement remains non-binding, and it can still be withdrawn without penalty. Intel and SambaNova have not issued any official public statement regarding the deal.