Nvidia-Intel deal cleared by US antitrust agencies
Nvidia's recent losses are triggered by lukewarm economic data and a dampened investor enthusiasm for AI—a sector that has been a significant driver of this year's stock market gains. Image: Nvidia
US antitrust agencies have cleared Nvidia's investment in Intel, according to a notice posted by the US Federal Trade Commission.
While the notice did not specify the details of the transaction, Nvidia said in September it would invest $5 billion in Intel, throwing its heft behind the struggling US chipmaker in a deal that could pose risks for rival manufacturers, Taiwan's TSMC and US-based AMD.
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