The American technology company Nvidia is buying a stake in Intel, investing $5 billion, Reuters reports.
The goal is to make Nvidia one of Intel’s largest shareholders, giving it approximately 4% or more of the company after issuing new shares to complete the deal.
Consequently, Intel plans to develop specialized central processors for data processing centers, similar to Nvidia, which is equipped with its chips based on custom intelligence, known as graphics processors.
Nvidia’s patented technology allows Intel and Nvidia chips to communicate at greater speeds than before.
The news itself led to an increase in Nvidia shares by more than 3%, and Intel shares by 30% before the start of trading.