Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) has completed a $5 billion investment in Intel, buying more than 214.7 million shares in a private placement, according to a regulatory filing published on Monday. The transaction follows an agreement announced in September, under which Nvidia agreed to pay $23.28 per Intel share.
Nvidia has purchased Intel shares worth $5 billion, the American semiconductor firm said in a filing on Monday, carrying out a transaction announced in September.
Intel Corp (NASDAQ:INTC, XETRA:INL) shares fell on Wednesday on a Reuters report that Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) had halted a test of Intel's advanced 18A chipmaking process. According to Reuters, which cited two people familiar with the matter, Nvidia had been evaluating whether its chips could be manufactured using Intel's 18A process, one of Intel's most advanced production technol...
Intel's investment case is increasingly driven by U.S. industrial policy, with government backing reframing timelines beyond near-term fundamentals. The U.S. government injected $5.7 billion in Q3 and previously invested $11.1 billion for a roughly 10% stake. Intel repaid $4.3 billion of debt in Q3, ending the quarter with $30.9 billion in cash.
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