NVIDIA invests in Intel for US$5 billion and reaches a chip cooperation
NVIDIA (NVDA.O) announced on Thursday that it would invest US$5 billion in Intel (INTC.O) to support the struggling U.S. chip foundry company, but did not award Intel key chip manufacturing orders, according to online reports. The agreement also includes plans for Intel and Nvidia to jointly develop personal computer and data center chips, which may pose potential risks to TSMC (TSM.N). Currently, TSMC is responsible for producing Nvidia's flagship processors; as the world's largest company by market value, Nvidia may transfer this part of its business to Intel in the future. Advanced Micro Semiconductor, which competes with Intel in the field of data center chip supply, may also suffer losses due to NVIDIA's support for Intel.
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