Nvidia invests $5 billion in Intel, providing crucial financial support.
Nvidia (NVDA.O) stated in a filing on Monday that it has purchased $5 billion worth of shares in an exchange, implementing the deal announced by the American semiconductor company in September. The leading AI chip designer said in September that it would acquire common stock of an exchange at a price of $23.28 per share. The deal is seen as significant financial support after an exchange experienced years of missteps and financial depletion due to capital-intensive expansion. According to Monday's filing, the world's most valuable company has privately purchased more than 214.7 million shares of an exchange at the price set in the agreement. According to an announcement released earlier this month by the U.S. Federal Trade Commission (FTC), the U.S. antitrust agency has approved Nvidia's investment in an exchange. (Jin10)
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