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International Business Times
International Business Times
Business

Chip-maker Nvidia Takes Stake In Rival Intel

Intel Corporation Nvidia Jensen Huang Donald Trump Jack Gold TSMC United States
Nvidia CEO Jensen Huang attends a Business event in Britain (Credit: AFP)

Shares in chipmaker Intel skyrocketed on Thursday after AI giant Nvidia announced it would invest $5 billion in its struggling rival.

The investment represents a significant commitment to Intel's turnaround efforts. Nvidia joins Japanese investment giant SoftBank and the US government in backing the once-dominant chipmaker, which has fallen behind in recent years after missing key technology shifts.

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