NVIDIA To Invest $5 Billion In Intel To Co-Develop Data Center And PC Chips

Big things are happening at Intel these days, as CEO Lip-Bu Tan looks to transform the chip maker's business model after stumbling a bit in the past few years. The newest development—and one we didn't see coming—is that NVIDIA is investing $5 billion in Intel's common stock at a purchase price of $23.28 per share, which suggests a high level of confidence in Intel's current trajectory.

NVIDIA is also partnering with Intel to co-develop custom data center and PC products, a commitment the two firms said will extend through multiple generations and span hyperscale, enterprise, and consumer markets.

A big part of that entails connecting NVIDIA and Intel architectures using NVLink, the companies stated in a press release. The two firms aim to combine NVIDIA's AI and accelerated computing solutions with Intel's CPU technologies and x86 ecosystem for a new wave ...