1 Hidden Benefit of Intel's Deal With Nvidia
On Thursday, (NASDAQ: INTC) and Nvidia (NASDAQ: NVDA) announced a blockbuster agreement. The two companies will jointly develop data center and PC chips that combine Intel and Nvidia technology. Nvidia will use the data center chips internally, and they'll also be offered to external customers. The PC chips will feature Nvidia GPU chiplets and target a wide variety of PCs.
Intel will manufacture the custom chips, and the deal will likely extend for years, as it will cover multiple generations of chips. On top of the collaboration, Nvidia will invest $5 billion in Intel, taking a sizable stake in the company.
This deal is huge news for Intel. Not only does Intel presumably gain a foundry customer, which it desperately needs to justify the massive manufacturing investments necessary to scale up its latest process nodes, but it also gets a cash infusion to support those investments.
Source Fool.com
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