Intel (NASDAQ: INTC) and Nvidia (NASDAQ: NVDA) have announced a collaboration to jointly develop custom data center and PC products that accelerate applications and workloads. As part of this collaboration, Nvidia will invest $5 billion in Intel's common stock at a purchase price of $23.28 per share.
For data centers, Intel will build Nvidia-custom x86 CPUs that will be integrated into Nvidia’s AI infrastructure platforms. For personal computing, Intel will build and offer x86 system-on-chips (SoCs) that integrate Nvidia RTX GPU chiplets. These new x86 RTX SoCs will power a wide range of PCs.
The collaboration aims to seamlessly connect Nvidia and Intel architectures using Nvidia NVLink, integrating the strengths of Nvidia’s AI and accelerated computing with Intel’s leading CPU technologies and x86 ecosystem.
Nvidia's CEO, Jensen Huang, expressed that this collaboration will tightly couple Nvidia’s AI and accelerated computing stack with Intel’s CPUs and the vast x86 ecosystem. Intel’s CEO, Lip-Bu Tan, emphasized that Intel’s leading data center and client computing platforms, combined with their process technology, manufacturing, and advanced packaging capabilities, will complement Nvidia’s AI and accelerated computing leadership to enable new breakthroughs for the industry.
The press release also announced a webcast press conference to discuss the announcement further. The CEOs of Nvidia and Intel will conduct the webcast press conference at 10 a.m. Pacific time (1 p.m. Eastern time) today.
This collaboration signifies a significant move in the tech industry, bringing together two major players to innovate and deliver cutting-edge solutions for customers. As a result of these announcements, the company's shares have moved 22.77% on the market, and are now trading at a price of $30.57. For more information, read the company's full 8-K submission here.
