Intel shares soared by more than 30% due to the news of the deal with Nvidia

Nvidia has agreed to invest $5 billion in Intel as part of the partnership. This was reported by Bloomberg on September 18.

As part of the deal, Intel will use Nvidia graphics technology in its future Nvidia personal computer (PC) chips, as well as supply its processors for products designed for data centers using Nvidia hardware.

Nvidia's unexpected move is seen as a boost for its main competitor, which is in decline. Earlier in August, the US government agreed to acquire about 10% of Intel shares.

As part of the deal, Nvidia will buy Intel's common shares at a price of $23.28 per share. At the close of trading on Wednesday, Intel's market value was $116 billion. This in turn means that Nvidia is acquiring less than 5% of the company's shares. Nvidia's market capitalization exceeds $4 trillion.

Brand restraints: Intel and Microsoft have registered trademarks in the Russian Federation

Which major Western players have taken similar steps and are there any prospects for their return

On August 23, US President Donald Trump announced that the state had established control over 10% of Intel Corporation shares. According to him, he personally negotiated the deal with the corporation's CEO Lip-Boo Tan. In addition, the United States "did not pay anything" for receiving shares.

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