Nvidia finalise l’acquisition de 5 milliards de dollars d’Intel après feu vert réglementaire historique

Le géant des puces franchit une étape décisive.

Après des mois d'examen, les autorités de régulation ont donné leur accord. Nvidia peut désormais officialiser son investissement massif dans Intel. Une transaction qui redessine les rapports de force dans le secteur des semi-conducteurs.

Les implications d'un nouveau géant

Cette prise de participation crée un acteur aux ressources colossales. Nvidia renforce son influence sur la chaîne d'approvisionnement et la feuille de route technologique. Les concurrents doivent maintenant composer avec une entité aux ambitions décuplées.

Le marché réagit - comme d'habitude

Les traders saluent l'opération, anticipant déjà la prochaine annonce qui fera monter les cours. Une belle démonstration de la mémoire à court terme qui caractérise souvent la finance - on achète le bruit, on vend la nouvelle, jusqu'à la prochaine manche.

L'ère des alliances forcées est ouverte. Dans un paysage concurrentiel féroce, même les rivaux historiques trouvent des terrains d'entente. Reste à voir qui tirera les plus grands bénéfices de ce mariage à cinq milliards.

Antitrust agencies clear Nvidia’s investment in Intel

Huge deal between $NVDA and $INTC. 
 
NVIDIA and Intel announced a multi-generation collaboration across PC and datacenter and Nvidia will invest $5B in Intel at $23.28 per share. The joint solution will be a tight coupling Intel x86 CPUs and NVIDIA RTX GPUs over NVLink for PCs… pic.twitter.com/CPkfxC8gdk

— Patrick Moorhead (@PatrickMoorhead) September 18, 2025

The U.S. Federal Trade Commission also announced in early December that U.S. antitrust agencies had cleared Nvidia’s investment in Intel. At the time of publication, the tech giant’s shares had surged more than 1% to $190.53 after the announcement, while Intel’s stock had remained unchanged.

Nvidia revealed that Intel plans to design and manufacture custom data center and client CPUs using the firm’s NVLink. Both companies believe that the initiative will accelerate the deployment of applications and workloads across both enterprise and consumer markets.

The tech giant said the initiative will focus on seamlessly connecting NVLink to integrate the strengths of its AI and accelerated computing with Intel’s CPU technologies and x86 ecosystems.

“This historic collaboration tightly couples Nvidia’s AI and accelerated computing stack with Intel’s CPUs and the vast x86 ecosystem – a fusion of two world-class platforms. Together, we will expand our ecosystems and lay the foundation for the next era of computing.”

–Jensen Huang, Founder and CEO of Nvidia.

Intel plans to boost personal computing by building and offering the market x86 system-on-chips (SOCs) that integrate RTX GPU chiplets. The firm also said the new x86 RTX SOCs will power a wide range of computers.

CEO of Intel, Lip-Bu Tan, argued that the company’s x86 architecture has been the foundation of modern computing for decades. He also revealed that the firm is innovating across its portfolio to enable the workloads of the future. 

Nvidia purchases a nonexclusive license from Groq

Cryptopolitan previously reported that Nvidia also recently agreed to purchase a nonexclusive license for technology from Groq. The deal is alleged to push Groq’s valuation to around $20 billion. The announcement revealed that the company will hire many of Groq’s key employees.

Groq was last valued at $6.9 billion in a $750 million funding round in September. Truist Securities analyst William Stein argued that the $20 billion valuation is large in absolute terms. He added that the price is higher than Groq’s revenue, which is estimated at between $90 million and $500 million.

The analyst also mentioned that the initiative represents less than 50% of Nvidia’s net cash and less than its expected free cash flow for Q4. Stein believes that Nvidia’s further development of Groq’s technology could make the firm’s capabilities more appealing to high-volume customers.

Nvidia has been involved in multiple deals this year, totaling more than $125 billion. However, despite those deals fueling surging stock prices, doubts have emerged about how the company conducts its business. The firm has been accused of vendor financing, which involves lending money to customers so they can buy the company’s products. 

Such deals include Nvidia’s $10 billion annual investment in OpenAI for the next 10 years, which will enable the firm to purchase the company’s chips. The other alleged vendor financing deal is the arrangement with CoreWeave for leasing out Nvidia chips. Nvidia agreed to buy $22 billion of data center capacity from the cloud provider and will receive $350 million in CoreWeave stock.

The tech company has been compared to Lucent Technologies, which aggressively lent money to its customers and overextended itself, unraveling in the early 2000s. Nvidia has refuted the claims of similarity, arguing that it does not rely on vendor financing arrangements to drive revenue growth. Renowned tech investor James Anderson said Nvidia’s deal with OpenAI presented more reason to be concerned about the company than before.

The smartest crypto minds already read our newsletter. Want in? Join them.