By Jody Godoy May 1 (Reuters) – U.S. antitrust authorities have completed their review of Intel’s investment in SambaNova, a chip startup chaired by Intel CEO Lip-Bu Tan, according to a regulatory notice circulated on Friday. Intel put $35 million into SambaNova in February, which, along with other financing, boosted Intel’s stake in the startup […]
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Intel’s Sambanova deal gets U.S. antitrust clearance
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By Jody Godoy
May 1 (Reuters) – U.S. antitrust authorities have completed their review of Intel’s investment in SambaNova, a chip startup chaired by Intel CEO Lip-Bu Tan, according to a regulatory notice circulated on Friday.
Intel put $35 million into SambaNova in February, which, along with other financing, boosted Intel’s stake in the startup to 8.2% from 6.8% last year.
Intel has planned to invest another $15 million in SambaNova, Reuters reported on April 1.
(Reporting by Jody Godoy in New York)