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Barchart
Barchart
Sarah Holzmann

‘I’d Like to Thank Jensen for the Confidence in Me,’ Lip-Bu Tan Marks 6 Months as Intel’s New CEO by Announcing a $50-Billion-a-Year Deal with Nvidia

Nvidia and Intel made history on Thursday, Sept. 18 when the two giant chip companies announced a tie-up that caught Wall Street by surprise. Nvidia (NVDA) will make a $5 billion investment in Intel (INTC) stock, and together, the two companies will develop data center and PC products that executives promise will usher in “the next era of computing.” 

But for many investors, perhaps more interesting than the specifics of the deal is what Intel CEO Lip-Bu Tan and Nvidia CEO Jensen Huang had to say about the partnership. 

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