Nvidia agrees to invest $5bn in Intel and co-develop AI/PC chips

Nvidia and Intel announced they would jointly develop chips for data centres and personal computers, with Nvidia agreeing to invest $5 billion in Intel common stock at $23.28 a share, subject to regulatory approval. The deal was structured around two product lines: Intel would design and manufacture custom x86 CPUs for Nvidia to integrate into its AI infrastructure platforms and sell to customers, and separately build x86 system-on-chips that combined Intel silicon with Nvidia RTX GPU chiplets for PCs needing integrated CPU-GPU performance.

The technical link between the two companies’ architectures was Nvidia’s NVLink interconnect, which the companies said would tightly couple Nvidia’s accelerated-computing stack to Intel’s CPUs and the wider x86 software ecosystem. Nvidia chief executive Jensen Huang called it “this historic collaboration,” framing the deal as bringing together Nvidia’s position in AI computing with Intel’s manufacturing base and its long-established x86 customer relationships.

For Intel, the investment offered capital and a marquee AI-industry partner at a moment when the company had fallen behind in both AI accelerators and leading-edge manufacturing. For Nvidia, the arrangement extended its reach into general-purpose CPU markets it had previously accessed mainly through partnerships with Arm-based chip designers. The deal closed in December 2025 after clearing Federal Trade Commission review, making Nvidia one of Intel’s largest shareholders.