On December 29, the US SEC filing showed that Intel sold 214.8 million shares to Nvidia, with a transaction value of $5 billion. Intel stated that the issuance and sale were conducted under the Securities Purchase Agreement signed on September 15, 2023. (Jin10)BlockBeats Previously reported, on September 18, Nvidia announced it would invest $5 billion in Intel (INTC.O) to support this struggling American chip foundry company, but did not grant Intel key chip manufacturing orders. The agreement also includes plans for Intel and Nvidia to jointly develop personal computer and data center chips, which could pose potential risks to TSMC (TSM.N). Currently, TSMC is responsible for manufacturing Nvidia’s flagship processors; as the world’s most valuable company, Nvidia may potentially transfer this part of the business to Intel in the future. Additionally, AMD, which competes with Intel in the data center chip supply sector, may also suffer losses due to Nvidia’s support for Intel.
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Intel sells 214.8 million shares to Nvidia, with a transaction value of $5 billion
On December 29, the US SEC filing showed that Intel sold 214.8 million shares to Nvidia, with a transaction value of $5 billion. Intel stated that the issuance and sale were conducted under the Securities Purchase Agreement signed on September 15, 2023. (Jin10)BlockBeats Previously reported, on September 18, Nvidia announced it would invest $5 billion in Intel (INTC.O) to support this struggling American chip foundry company, but did not grant Intel key chip manufacturing orders. The agreement also includes plans for Intel and Nvidia to jointly develop personal computer and data center chips, which could pose potential risks to TSMC (TSM.N). Currently, TSMC is responsible for manufacturing Nvidia’s flagship processors; as the world’s most valuable company, Nvidia may potentially transfer this part of the business to Intel in the future. Additionally, AMD, which competes with Intel in the data center chip supply sector, may also suffer losses due to Nvidia’s support for Intel.