Nvidia closed its $5 billion investment in Intel on December 26, according to Intel's SEC filing disclosed Monday. The purchase, first announced in September, gives the AI chip giant a roughly 4% stake in the struggling American chipmaker.
The 214.7 million shares were purchased at $23.28 each through a private placement. That price was about 6% above market when the deal was announced. Now it's about 36% below Intel's current trading price, meaning Nvidia's stake is already worth considerably more than it paid. The Register pegs the current value at around $7.5 billion, though that figure shifts with daily trading.
Beyond the financial terms, the two companies announced a technical partnership that could reshape both their product lines. Intel will manufacture custom x86 CPUs for Nvidia's AI infrastructure platforms, integrated via Nvidia's high-speed NVLink interconnect. On the consumer side, Intel will build x86 chips with Nvidia RTX GPU chiplets baked in. The FTC approved the deal on December 18 without disclosing its reasoning, though the agency had previously blocked Nvidia's $40 billion attempt to acquire Arm in 2022. A minority stake apparently raised fewer antitrust concerns.
The Bottom Line: Nvidia paid $5 billion in September, now holds Intel shares worth over $7 billion, and gets a manufacturing partner for future chip designs.
QUICK FACTS
- 214.7 million Intel shares purchased at $23.28 per share
- Deal closed December 26, 2025
- FTC approved December 18, 2025
- Nvidia stake: approximately 4% of Intel
- Partnership includes NVLink-integrated x86 CPUs for datacenters and RTX-embedded chips for PCs
