Nvidia has completed the purchase of Intel shares valued at $5 billion, according to a regulatory filing released on Monday. The transaction follows an investment agreement that was first announced in September.
Under the deal, Nvidia agreed to acquire Intel common stock at a price of $23.28 per share. The investment has been widely viewed as a significant financial boost for Intel, which has faced years of strategic setbacks and heavy spending tied to large-scale manufacturing expansion.
The filing shows that Nvidia acquired more than 214.7 million Intel shares through a private placement, fully executing the terms outlined in the September agreement. The move underscores Nvidia’s growing influence across the semiconductor industry, even as Intel works to stabilize its balance sheet.
Regulatory approval for the investment was granted earlier this month. U.S. antitrust authorities cleared the transaction, according to a notice published by the Federal Trade Commission.
Following the announcement, Nvidia shares slipped 1.3% in premarket trading, while Intel’s stock showed little immediate reaction.
