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Fortune
Fortune
Nick Lichtenberg

Intel shares surge 30% as Nvidia announces $5 billion investment in America's one-time chips champion

Trump, Huang (Credit: Ken Cedeno/UPI/Bloomberg via Getty Images)

Nvidia has announced an unprecedented $5 billion investment in Intel, signaling a strategic pivot in the global chip industry and marking a lifeline for the once-dominant but recently embattled U.S. chipmaker.

This move comes soon after a whirlwind of corporate and political drama involving Intel, America’s one-time semiconductor chips champion, that saw President Trump call for the resignation of CEO Lip-Bu Tan, his sudden reversal, and then the U.S. government itself making an unprecedented investment into Intel, taking a nearly 10% stake in the process.

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