Zhong Guo Ji Jin Bao·2025-09-18 12:12Core Viewpoint - Nvidia announced a $5 billion investment in Intel, marking a surprising collaboration between the two competitors to jointly develop chips for PCs and data centers, providing support to Intel, which has been facing challenges [2][5]. Group 1: Investment Details - Nvidia's investment price is set at $23.28 per share, leading to a pre-market surge of approximately 33% in Intel's stock price, reaching around $33 per share [2]. - This investment follows a recent agreement where the U.S. government acquired about 10% of Intel, and SoftBank invested $2 billion [5]. Group 2: Strategic Collaboration - Intel will incorporate Nvidia's graphics technology into its upcoming PC chips and will provide processors for Nvidia's hardware-based data center products [4]. - The collaboration signifies a shift in the computing industry landscape, with Nvidia's CEO highlighting the historical significance of merging Nvidia's AI capabilities with Intel's CPU and x86 ecosystem [6]. Group 3: Market Context - Intel aims to enhance its competitive position against AMD in the PC market by combining general processing capabilities with Nvidia's powerful graphics components [6]. - In the data center sector, Nvidia's AI accelerators dominate, pushing Intel to a marginal role, but Intel will supply processors for certain products to integrate with Nvidia's hardware [6]. Group 4: Leadership Statements - Intel's CEO expressed gratitude for Nvidia's investment and emphasized ongoing innovation to support future workloads based on Intel's x86 architecture [7]. - Following the announcement, Nvidia's stock rose over 3%, and European semiconductor stocks, including ASML, increased by approximately 6% [7].