Nvidia to invest $5 billion in Intel

The Intel plant in Leixlip, Co. Kildare. Collins Dublin.

Associated Press

Nvidia is to invest $5bn in Intel, throwing its heft behind the struggling company after the White House engineered a deal for the US government to take a massive stake in one of Ireland’s most significant employers.

Nvidia’s support represents a new opening for Intel after years of turnaround efforts at the famed US manufacturer failed to pay off. Intel shares surged 30pc in premarket action.

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