Nvidia completes $5bn investment in struggling rival Intel

Nvidia (NVDA.O) has purchased Intel shares worth $5 billion, the American semiconductor firm (INTC.O) said in a filing on Monday, carrying out a transaction announced in September.

The leading AI chip designer said in September it would pay $23.28 per share for Intel common stock, in a deal that is seen as a major financial lifeline for the chipmaker after years of missteps and capital intensive production capacity expansions drained its finances.

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