This could well be the start of a turnaround for Intel
Intel has been reaching out to Apple and TSMC for backing
Nvidia’s $5 billion investment highlights a pivotal moment in Intel’s turnaround
Future deals with so-called « Magnificent 7 » firms could decide Intel’s recovery path
Intel is on an investment roll at the moment, having secured a deal with the US government in return for a stake in the company, and then most recently, and most importantly, a mega deal with Nvidia.
The GPU giant agreed to invest $5 billion in the American chip maker, which will see Intel design custom x86 chips for it. It proved to be a smart investment for Nvidia which saw its market cap leap $150 billion following the news.
This could be just the beginning for Intel, however, as it courts other investors to find new ways to revive its business.
