Nvidia has entered into a non-exclusive licensing agreement with AI chip competitor Groq, hiring its founder, Jonathan Ross, along with President Sunny Madra and other employees. CNBC reported a $20 billion acquisition deal for Groq’s assets, which, if correct, would be Nvidia’s largest transaction to date. Nvidia clarified that this is not the complete acquisition […]
The U.S. Department of Commerce has decided to allow Nvidia to export its H200 AI chips to China, specifically to approved customers. This development comes despite ongoing concerns regarding national security and a recently introduced bill in Congress aimed at preventing such exports. As reported by Semafor, the decision permits Nvidia to ship H200 chips […]
Intel is undergoing significant changes in its leadership, following the appointment of Lip-Bu Tan as CEO in March. The company has announced that Michelle Johnston Holthaus, its Chief Executive Officer of Products, will leave after over thirty years at Intel, though she will continue as a strategic adviser. Alongside this departure, Intel is also creating […]
The U.S. government is reportedly considering taking a stake in Intel to bolster its U.S. manufacturing capabilities, especially in light of the company’s delayed Ohio chip factory. This development comes as Intel CEO Lip-Bu Tan faces pressure from the Trump administration, which recently suggested that Tan resign due to alleged conflicts of interest, particularly concerning […]
AI chip startup Groq is reportedly in discussions to secure a fresh $600 million funding round, aiming for a near $6 billion valuation, as per sources from Bloomberg. This new valuation marks a significant increase from Groq’s previous valuation of $2.8 billion when it raised $640 million in August 2024. Over its history, Groq has […]
As Nvidia prepares its financial results for Q1 of fiscal year 2026, it reveals the impact of recent chip-export restrictions imposed by the Trump administration on its business operations. The company disclosed a staggering $4.5 billion charge due to licensing requirements that have hindered its ability to sell the H20 AI chip to Chinese companies. […]
TikTok’s parent company, ByteDance, is reportedly planning to circumvent U.S. restrictions in order to purchase Nvidia chips, intending to invest approximately $7 billion in these chips in 2025. This information comes from a report by The Information, which cites insider sources. If ByteDance proceeds with its plans, it could position itself as one of the […]