半导体行业观察·2025-12-21 03:58Group 1 - The core viewpoint of the article is that the FTC has approved a $5 billion partnership agreement between Nvidia and Intel, indicating that the transaction does not immediately raise antitrust concerns [1][2] - Nvidia will purchase Intel stock at a price of $23.28 per share to jointly develop AI and chip technologies for next-generation personal computing products and data centers [1] - The agreement aims to integrate Nvidia's GPU technology with Intel's CPU technology, competing against rivals like TSMC and AMD [1] Group 2 - Nvidia currently holds approximately 85-95% of the data center GPU market, and completing the deal with Intel would further solidify its market position [1] - The FTC's approval contrasts with its previous rejection of Nvidia's $40 billion acquisition of ARM in 2022, suggesting a shift in regulatory stance [1][2] - Analyst Stacy Rasgon noted that Nvidia's current trading price is about 13% discounted compared to the Philadelphia Semiconductor Index, making it an attractive investment opportunity [2]