3 6 Ke·2025-09-19 05:54Core Viewpoint - The strategic partnership between Nvidia and Intel aims to integrate Nvidia's AI and accelerated computing stack with Intel's CPU architecture, marking a significant collaboration in the semiconductor industry [1][11]. Investment Details - Nvidia will invest $5 billion in Intel at a price of $23.28 per share, acquiring approximately 215 million shares, which will give Nvidia over 4% ownership in Intel, potentially making it the third-largest shareholder [3][5]. - This investment is part of a larger trend where Intel has secured a total of $15.9 billion in investments from the U.S. government, SoftBank, and Nvidia within a month [9][10]. Market Reaction - Following the announcement of the partnership, Intel's stock rose by 22.77% to $30.57, increasing its market capitalization to $142.8 billion, while Nvidia's stock saw a smaller increase of 3.49%, reaching a market cap of $4.28 trillion [2]. Strategic Implications - The collaboration is seen as a response to the U.S. government's push for domestic semiconductor manufacturing, aligning with Trump's "manufacturing return to America" initiative [11][12]. - Intel's upcoming 18A process technology, expected to be released in the second half of 2025, will compete directly with TSMC's 2nm technology, indicating Intel's commitment to advancing its manufacturing capabilities [5]. Business Collaboration - Intel will customize x86 CPU chips for Nvidia, which will be integrated into Nvidia's AI infrastructure platforms, enhancing both companies' positions in the data center and personal computing markets [13][14]. - The partnership is expected to stabilize Intel's foundry business by securing large customer orders from Nvidia, which is crucial for the success of Intel's foundry strategy [14][15].