6 h. ago Chip giant Nvidia to take $5bn stake in Intel and collaborate on products

Deal gives Intel a lifeline as firms team up on AI data centers and PC chips after Trump stake sparks market surgeNvidia, the world’s leading chipmaker, announced plans to invest $5bn in Intel and collaborate with the struggling semiconductor company on products.One month after the Trump administration confirmed it had taken a 10% stake in Intel – the latest extraordinary intervention by the White House in corporate America – Nvidia said it would team up with the firm to work on custom data centers that form the backbone of artificial intelligence (AI) infrastructure, as well as personal computer products. Continue reading...

Politics

6 h. ago Nvidia to invest $5bn in Intel after Trump administration’s 10% stake

Deal gives Intel a lifeline as firms team up on AI data centers and PC chips after Trump stake sparks market surgeNvidia, the world’s leading chipmaker, announced plans to invest $5bn in Intel and collaborate with the struggling semiconductor company on products.One month after the Trump administration confirmed it had taken a 10% stake in Intel – the latest extraordinary intervention by the White House in corporate America – Nvidia said it would team up with the firm to work on custom data centers that form the backbone of artificial intelligence (AI) infrastructure, as well as personal computer products. Continue reading...

Politics

3 w. ago FTSE 100 Live 28 August: Cool reaction to Nvidia results, Drax falls on FCA probe

Nvidia results are the main focus for investors after the chip giant’s quarterly figures beat expectations but shares still fell.

Politics

3 w. ago FTSE 100 Live 28 August: Nvidia shares fall on results, index higher

Nvidia results are the main focus for stock market investors after the chip giant’s quarterly figures beat expectations but shares still fell.

Politics

3 w. ago Nvidia sets fresh sales record amid fears of an AI bubble and Trump’s trade wars

Despite surpassing Wall Street expectations for its AI chips, company shares drop 2.3% in after hours tradingChipmaker Nvidia set a fresh sales record in the second quarter, surpassing Wall Street expectations for its artificial intelligence chips. But shares of the chip giant still dropped 2.3% in after hours trading, in a sign that investors’ worries of an AI bubble and the repercussions of Donald Trump’s trade wars are not quelled.Nvidia’s financial report was the first test of investor appetite since last week’s mass AI-stock selloff, when several tech stocks saw shares tumble last week amid growing questions over whether AI-driven companies are being overvalued. Continue reading...

Politics

3 w. ago MAGA ‘Shark Tank’ star rages against Trump’s ‘really, really bad idea’ to take stake in Intel

Kevin O’Leary’s condemnation of the Intel decision comes as the president’s top officials insist that the administration will be making similar moves down the line.

Politics

3 w. ago Trump says Intel will give US government a 10% stake in its business

Deal comes despite Trump calling for Intel CEO to resign earlier this month for being ‘highly conflicted’

Politics

last month Uncle Sam taking a stake in Intel is sane in an absurd world

For a president who likes to make deals, investing in the chip company makes sense

Politics

last month US pursuing stake in struggling chipmaker Intel, commerce secretary says

Trump administration looking to convert funding from Chips Act into equity in the semiconductor manufacturerThe US government is pursuing a stake in Intel, the US commerce secretary said on Tuesday, confirming reports of discussions between officials and the company that have circulated for the better part of a week.The Trump administration wants to convert funding from the Chips and Science Act, which funds research and manufacturing of semiconductor chips in the US, into equity in the struggling tech company, according to Howard Lutnick. Continue reading...

Politics

last month Japan's SoftBank to take $2 billion stake in computer chip maker Intel

Japanese technology giant SoftBank Group says it plans to take a $2 billion stake in computer chip maker Intel as it deepens its involvement in U.S. semiconductor manufacturing in the United States

Economics

last month Trump administration considers 10% stake in Intel to rescue embattled chip maker: reports

Talk of a potential U.S. share in the chip maker comes after Trump called on the CEO of Intel to resign earlier this month over his China ties

Events