Intel

Nvidia Shocks Wall Street With $5 Billion Intel Bet as AI Boom Reshapes Tech Industry

World Updates2 months ago2 months ago02 mins

Nvidia, the world’s top maker of artificial intelligence chips, is making a bold $5 billion (£4 billion) investment in rival Intel. The deal, announced Thursday, is a lifeline for the struggling chip giant and follows a separate infusion from the US government. Under the agreement, the two US companies will team up to produce chips…

Intel Snags $5.7 Billion Early in CHIPS Act Deal With U.S. Government

World Updates2 months ago2 months ago02 mins

Intel has reworked its CHIPS Act funding agreement with the U.S. Department of Commerce, securing about $5.7 billion in cash sooner than expected. The change, announced Friday, gives the company more flexibility in how it uses the funds. The amended deal revises an earlier agreement from November 2024 and removes some project milestones. But it…