""We're delighted to have invested in Intel, and the return on that investment is going to be fantastic," Huang said at a Thursday press conference."
""We're going to become a very large customer of Intel CPUs," said Huang."
Nvidia is taking a $5 billion stake in Intel and committing to collaborative business between the companies. Intel will incorporate Nvidia graphics processing unit (GPU) technology into upcoming AI PC models. Nvidia will integrate Intel x86 central processing units (CPUs) into its data centers and plans to become a large customer of Intel CPUs. Intel's stock rose about 23% by Thursday's close following the announcement. The investment follows other recent capital moves, including SoftBank's $2 billion stock investment and an announced 9.9% US government stake. The partnership signals strong industry endorsement of Intel's turnaround efforts.
Read at Business Insider
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