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Nvidia invests $5 billion in Intel, providing crucial financial support.

 Nvidia (NVDA.O) stated in a filing on Monday that it has purchased $5 billion worth of Intel (INTC.O) shares, implementing the deal announced by the American semiconductor company in September. The leading AI chip designer said in September that it would acquire Intel common stock at a price of $23.28 per share. The deal is seen as significant financial support after Intel experienced years of missteps and financial depletion due to capital-intensive expansion. According to Monday's filing, the world's most valuable company has privately purchased more than 214.7 million Intel shares at the price set in the agreement. According to an announcement released earlier this month by the U.S. Federal Trade Commission (FTC), the U.S. antitrust agency has approved Nvidia's investment in Intel. (Jin10)

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