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News  ›  Benzinga

Intel Eyes $1.6 Billion AI Chip Buy As It Takes On Nvidia's Turf

Benzinga Logo Benzinga By Anusuya Lahiri
Intel Eyes $1.6 Billion AI Chip Buy As It Takes On Nvidia's Turf

Intel is in advanced talks to acquire AI chip startup SambaNova Systems for approximately $1.6 billion, aiming to strengthen its position in the artificial intelligence chip market and compete with Nvidia.

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INTC   positive

Pursuing strategic AI chip acquisition, stock up 89% year-to-date, showing strong market performance and growth potential