Syria is preparing to finalize a series of security and military agreements with Israel before …
Read More »Nvidia to Invest $5 Billion in Intel, Becoming Its Largest Shareholder
In a major shake-up for the U.S. semiconductor sector, Nvidia announced on Thursday that it will invest $5 billion in fellow American chipmaker Intel. The move immediately boosted Intel’s stock price by 30 percent in premarket trading, while Nvidia’s shares also climbed about 3 percent. Details of the Investment Under the agreement, Nvidia will purchase Intel’s common stock at $23.28 …
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