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lite.cnn.com - on gopher - inofficial |
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ARTICLE VIEW: |
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Nvidia will take a $5 billion stake in Intel, joining the US government |
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as a major shareholder |
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By Olesya Dmitracova, CNN |
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Updated: |
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5:10 PM EDT, Thu September 18, 2025 |
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Source: CNN |
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Nvidia said on Thursday that it would buy $5 billion worth of Intel’s |
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common stock, becoming another major shareholder in the beleaguered |
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company just weeks after the US government took a roughly 10% stake. |
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The tech giant, which makes artificial intelligence chips, will pay |
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$23.28 per share, it said in a joint . The purchase will give Nvidia |
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around 4% or more of Intel after new shares are issued to complete the |
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deal, Reuters reported. |
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Intel shares () surged 22.77% on Thursday and posted their biggest |
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single-day gain since 1987. Nvidia shares (), meanwhile, gained 3.49%. |
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Last month, US President Donald Trump and Intel that the government was |
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making an $8.9 billion investment in Intel’s common stock, with Trump |
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calling it “a Great American Company that has an even more incredible |
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future.” “This is a great Deal for America and, also, a great Deal |
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for INTEL,” Trump wrote on Truth Social at the time. |
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The investment is part of the Trump administration’s efforts to boost |
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semiconductor manufacturing in the United States and cement America’s |
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position as a leader in the global chipmaking industry. |
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Trump has said that he plans to, excluding suppliers that have |
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committed to building products in the United States. |
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Although Intel was once one of America’s most important tech |
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companies, it has fallen behind rivals after failing to anticipate |
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successive technology waves. Lip-Bu Tan, who took over as CEO in March, |
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has been attempting to turn the company around. |
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The two tech companies also announced that they would jointly develop |
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custom data center and personal computing products. |
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Analysts at Wedbush Securities said the overall agreement was “a |
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game-changer deal for Intel as it now brings them front and center into |
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the AI game.” |
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“Today’s announcement further strengthens the US lead in the AI |
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arms race against China as Intel now goes from a laggard to a |
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catalyst,” they wrote in a note. |
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