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Intel sells 214.8 million shares to Nvidia, with a transaction value of $5 billion
BlockBeats News, December 29th, according to SEC filings, Intel sold 214.8 million shares to NVIDIA, totaling $5 billion in transactions. Intel stated that the issuance and sale were conducted under the Securities Purchase Agreement signed on September 15, 2023. (Jin10) BlockBeats previously reported that on September 18th, NVIDIA announced it would invest $5 billion in Intel (INTC.O) to support this struggling American chip foundry company, but did not grant Intel any critical chip manufacturing orders. The agreement also includes plans for Intel and NVIDIA to jointly develop personal computer and data center chips, which could pose potential risks to TSMC (TSM.N). Currently, TSMC is responsible for manufacturing NVIDIA's flagship processors; as the world's most valuable company, NVIDIA
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