On the evening of September 18 Beijing time, according to a Bloomberg report, NVIDIA announced a $5 billion investment in Intel and plans to jointly develop chips for PCs and data centers, aiming to support this "former competitor".

The two companies stated that NVIDIA will purchase Intel's common stock at a price of $23.28 per share (equivalent to approximately RMB 165.3 at the current exchange rate), which is 6.5% lower than Wednesday's closing price.
Intel will integrate NVIDIA's graphics technology into its upcoming PC chips, while providing processors for data center products based on NVIDIA hardware. The two parties have not announced the launch date of their first joint products, and emphasized that this cooperation will not change their respective future strategic plans.
The report noted that this collaboration between the two competitors—both headquartered in Santa Clara, California—also reflects shifts in the power dynamics of the computer industry. Intel not only gains financial support but also gains access to leading technologies from NVIDIA, a company once regarded as a "peripheral player".
Jensen Huang, CEO of NVIDIA, said: "This historic collaboration tightly combines NVIDIA's AI and accelerated computing capabilities with Intel's CPUs and the vast x86 ecosystem—merging two of the world's leading platforms. Together, we will expand the ecosystem and lay the foundation for the next generation of computing."
(Reprinted from https://news.eccn.com/)