Xin Lang Cai Jing·2025-09-20 10:53Core Viewpoint - Nvidia announced a $5 billion investment in Intel to purchase common stock at $23.28 per share, which is slightly below Intel's closing price of $24.90 but higher than the price during a previous government investment [3] Group 1: Investment Details - The investment may allow Nvidia to hold 4% or more of Intel's shares, making it one of Intel's major shareholders [3] - The investment does not include large manufacturing orders, as Nvidia has not assigned key chip foundry business to Intel [3] Group 2: Strategic Collaboration - Nvidia and Intel will engage in deep collaboration on multiple technology levels, with Intel set to create custom x86 CPUs for Nvidia's AI infrastructure platform [3] - Intel will produce small chips integrated with Nvidia's RTX GPUs for future AI-capable PC products, aiming to accelerate the market introduction of AI chips [6] Group 3: Industry Context - Nvidia's CEO referred to the partnership as a "historic collaboration," emphasizing the integration of Nvidia's AI technology with Intel's CPU and x86 ecosystem [6] - Intel is undergoing a critical transformation phase, facing competition from TSMC and Samsung, and this partnership is seen as a significant strategic alliance [6] - The investment reflects Nvidia's strategy to diversify its global supply chain and enhance domestic chip manufacturing capabilities in the U.S. [6] - The competition in the chip industry is intensifying due to the rapid rise in demand for generative AI and large model training, with Nvidia holding a dominant position in GPUs and Intel possessing strong CPU design experience [6]