Dec 19 (Reuters) – U.S. antitrust agencies have cleared Nvidia’s investment in Intel, according to a notice posted by the U.S. Federal Trade Commission. While the notice did not specify the details of the transaction, Nvidia said in September it would invest $5 billion in Intel, throwing its heft behind the struggling U.S. chipmaker in […]
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Nvidia-Intel deal cleared by US antitrust agencies
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Dec 19 (Reuters) – U.S. antitrust agencies have cleared Nvidia’s investment in Intel, according to a notice posted by the U.S. Federal Trade Commission.
While the notice did not specify the details of the transaction, Nvidia said in September it would invest $5 billion in Intel, throwing its heft behind the struggling U.S. chipmaker in a deal that could pose risks for rival manufacturers, Taiwan’s TSMC and U.S.-based AMD.
(Reporting by Jody Godoy in New York, Editing by Franklin Paul)