NVIDIA (NVDA. O) announced on Thursday that it would invest $5 billion in Intel (INTC. O) to support the struggling U.S. chip foundry, but did not award Intel a key chip manufacturing order. The agreement also includes plans for Intel and NVIDIA to jointly develop chips for personal computers and data centers, which could pose a latent risk to TSMC (TSM. N). At present, TSMC is responsible for the production of NVIDIA's flagship processors; as the world's most valuable...
Stock news: 1. SoftBank Group invested $2 billion in Intel (INTC. O). 2. According to people familiar with the matter: Arm Holdings (ARM. O) has hired Rami Sinno, director of artificial intelligence chips at Amazon (AMZN. O), to participate in its independent complete chip development plan. 3. Tesla (TSLA. O) officially opened the new Model YL model in the Chinese market, starting at 339,000 yuan. 4. NVIDIA (NVDA. O) 's new generation of Blackwell architecture GPUs will be officially connected t...