NVIDIA has completed a $5 billion investment in Intel after purchasing common stock under terms agreed earlier this year. The transaction was disclosed in a regulatory filing and finalized following regulatory approval.
NVIDIA acquired about 214.7 million Intel shares at $23.28 per share in a private placement, meaning the shares were sold directly to NVIDIA rather than through the open market. Following the issuance of new shares, the investment gives Nvidia roughly a 4% equity stake in Intel.
The agreement included plans for joint development of custom data center CPUs and integrated PC system on chips combining Intel’s x86 architecture with Nvidia technologies.
The deal closed on December 26 after receiving clearance from US antitrust regulators, including the Federal Trade Commission.
US antitrust agencies cleared Nvidia’s investment earlier in December, removing the final regulatory hurdle. After the filing, Nvidia shares declined modestly, while Intel shares rose slightly as the transaction took effect.
The investment stems from a strategic collaboration announced in September, under which Nvidia agreed to invest $5 billion in Intel common stock at $23.28 per share. The investment also supports Intel’s balance sheet as the company scales production and pursues advanced chip technologies.
Implications for Both Companies
For Intel, the $5 billion capital infusion provides additional liquidity for operations, manufacturing expansion, and competitive repositioning. The company has faced financial pressure from heavy capital spending and declining market share, and the completion of the deal coincided with renewed investor confidence in its turnaround efforts.
For Nvidia, the transaction expands its presence beyond AI accelerators into the CPU ecosystem and the broader semiconductor value chain. The equity stake also aligns Nvidia’s interests with Intel as the chipmaker works to modernize and develop joint products.
Broader Industry Context and Market Impact
Intel has previously secured major investments from other sources, including an equity stake purchased by the US government in 2025 as part of efforts to strengthen domestic semiconductor manufacturing. Leadership actions and political engagement have also played a role in efforts to stabilize the company amid competitive pressures.
Following the announcement and closing of the deal, Intel’s share price strengthened, reflecting investor confidence in the capital support. NVIDIA’s shares showed slight weakness as the market assessed the implications of the investment and its strategic direction.