Nvidia finalizes Intel investment

By Amy Edelen | Phoenix Business Journal

Nvidia finalized its $5 billion investment in Intel Corp. in a deal that calls for the two companies to jointly develop and manufacture data center and computer products.

Nvidia on Friday bought more than 214.7 million shares of Intel stock at a price of $23.28 a share in a private placement, equating to a 4% stake in the chipmaker, according to a Dec. 29 regulatory filing.

READ ON:

Share this!

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.