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Tom’s Hardware
Tom’s Hardware
Technology
Hassam Nasir

Nvidia buys AI chip startup Groq's assets for $20 billion in the company's biggest deal ever — Transaction includes acquihires of key Groq employees, including CEO

Groq Nvidia Jonathan Ross Tom Hardware
Groq Spokesperson on a stage.
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(Image credit: Future)

Nvidia, the largest GPU manufacturer in the world and the linchpin of the AI data center buildout, has entered into a non-exclusive licensing agreement with AI chip rival Groq to use the company's intellectual property. The deal is valued at $20 billion and includes acquihires of key employees within the firm who will now be joining Nvidia. The firm spent $7 billion for Israeli chip company Mellanox in 2019, so the record has now been toppled.

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