Nvidia to invest US$5 billion in Intel in major boost to chipmaker’s turnaround
Entertainment
NEW YORK: Shares in Intel soared on Thursday (Sep 18) after Nvidia said it would invest US$5 billion in the struggling chipmaker, marking a major commitment to its turnaround efforts. The move brings together two of the biggest names in semiconductors and follows support from both Japanese investment giant SoftBank and the US government, which last month took a rare 10 per cent equity stake in Intel. President Donald Trump’s administration has described Intel as strategically vital given its
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