For personal computing, Intel will build and offer to the market x86 system-on-chips (SOCs) that integrate NVIDIA RTX GPU chiplets.
The webcast will be available for the public to listen in here: https://events.q4inc.com/attendee/108505485 About NVIDIA NVIDIA (NASDAQ: NVDA) is the world leader in AI and accelerated computing.
About Intel Intel (Nasdaq: INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives.
Intel forward-looking statements: This press release contains certain forward-looking statements related to the collaboration agreement between NVIDIA and Intel, the benefits expected from such agreement, and the anticipated equity investment by NVIDIA in Intel common stock.
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Together, NVIDIA (NASDAQ: NVDA) and Intel Corporation (NASDAQ: INTC) will create several generations of customized data center and PC products that speed up workloads and applications in the hyperscale, enterprise, and consumer markets.
The businesses will concentrate on utilizing NVIDIA NVLink to seamlessly connect NVIDIA and Intel architectures, combining the advantages of NVIDIA’s AI and accelerated computing with Intel’s top CPU technologies and x86 ecosystem to provide clients with state-of-the-art solutions.
Intel will construct custom x86 CPUs for data centers that NVIDIA will incorporate into its AI infrastructure platforms and sell.
NVIDIA RTX GPU chiplets will be integrated into x86 system-on-chips (SOCs) that Intel will manufacture and sell for personal computers. Numerous PCs that require the integration of top-tier CPUs and GPUs will be powered by these new x86 RTX SOCs.
The purchase price of NVIDIA’s $5 billion investment in Intel’s common stock is $23 per share. The investment is subject to the usual closing requirements, such as obtaining the necessary regulatory approvals.
“Every component of the computing stack, from silicon to systems to software, is being reinvented by AI, which is driving a new industrial revolution. NVIDIA’s CUDA architecture is at the core of this reimagining,” stated Jensen Huang, the company’s founder and CEO. This groundbreaking partnership combines two top-tier platforms: NVIDIA’s AI and accelerated computing stack and Intel’s CPUs and extensive x86 ecosystem. We will build the groundwork for the next computing era and broaden our ecosystems together. “”.
“For decades, Intel’s x86 architecture has served as the cornerstone of contemporary computing — and we are innovating across our portfolio to enable the workloads of the future,” stated Intel CEO Lip-Bu Tan. “Intel’s industry-leading data center and client computing platforms, along with our manufacturing, process technology, and advanced packaging capabilities, will enhance NVIDIA’s leadership in AI and accelerated computing to facilitate new innovations for the sector. We are grateful for the trust Jensen and the NVIDIA team have shown in us by investing in us, and we eagerly anticipate the work that lies ahead as we expand our business and innovate for customers. “.”.
Press Conference: At ten a.m., the CEOs of NVIDIA and Intel will hold a webcast press talk. M. Pacific Time (1 p.m. m. to talk about the announcement today (Eastern time). It will be accessible to the public via the webcast at https://events. http://q4inc.com/attendee/108505485.
Concerning NVIDIA.
Leading the world in accelerated computing and artificial intelligence is NVIDIA (NASDAQ: NVDA).
upcoming statements from NVIDIA.
The following statements, among others, are considered forward-looking statements under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended: AI is driving a new industrial revolution and reinventing every layer of the computing stack, from silicon to systems to software; NVIDIA and Intel are expanding their ecosystems together and laying the groundwork for the next era of computing; the benefits, impact, performance, and availability of NVIDIA’s products, services, and technologies; expectations with regard to NVIDIA’s third party arrangements, including with its collaborators and partners; expectations regarding technological advancements; and other statements that are not historical facts are subject to the “safe harbor” established by those sections. These statements are based on management’s beliefs and assumptions, as well as information currently available to management; and are subject to risks and uncertainties that could result in results that are materially different from expectations. Global economic and political conditions, NVIDIA’s reliance on third parties to manufacture, assemble, package, and test its products, the impact of technological development and competition, the development of new products and technologies or enhancements to its existing products and technologies, market acceptance of NVIDIA’s or its partners’ products, design, manufacturing, or software defects, changes in consumer preferences or demands, changes in industry standards and interfaces, unexpected loss of performance of NVIDIA’s products or technologies when integrated into systems, changes in applicable laws and regulations, and other factors periodically detailed in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including—but not limited to—its annual report on Form 10-K and quarterly reports on Form 10-Q. NVIDIA provides free copies of its SEC reports, which are also available on the company’s website. These forward-looking statements are not promises of future performance and are made as of this date only. NVIDIA also disclaims any responsibility to update these statements to reflect future events or circumstances, unless mandated by law.
About Intel.
Intel (Nasdaq: INTC) is a leader in the industry, developing transformative technology that advances society and improves people’s lives. Motivated by Moore’s Law, we consistently strive to improve semiconductor design and production in order to assist in resolving the most pressing issues facing our clients. The potential of data to improve business and society is unlocked by integrating intelligence into the cloud, network, edge, and all other computing devices. Visit newsroom . Intel . com and intel . com to find out more about Intel’s innovations.
Intel’s statements about the future:.
Certain forward-looking statements regarding the collaboration agreement between NVIDIA and Intel, the advantages anticipated from it, and NVIDIA’s projected equity investment in Intel common stock are included in this press release. Such forward-looking statements are meant to be identified by words like “expect,” “plan,” “intend,” and “will,” as well as by variations of these words and related expressions. A lot of the risks and uncertainties that could cause actual results to differ materially from those stated or implied in the forward-looking statements are outside the parties’ control. These statements are based on the parties’ expectations as of the date they were first made. These risks and uncertainties include, among other things, the possibility that the expected benefits of the collaboration agreement won’t materialize; the timing and success of any products that might be developed through the collaboration; the risk that the equity investment won’t close on time; the possibility that the conditions to closing the equity investment—such as the expiration or termination of any applicable waiting periods and the receipt of any necessary approvals—under the Hart-Scott-Rodino Antitrust Improvements Act of 1976—will not be met; and other risks that are detailed in Intel’s filings with the SEC dot. It is recommended that readers carefully read and take into account the different disclosures regarding risks and uncertainties that could impact Intel’s business that are made in the documents that the company periodically files with the SEC. Except in cases where disclosure may be mandated by law, Intel does not undertake and expressly disclaims any duty to update such statements in light of new information, developments, or other circumstances.
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