Today, Nvidia CEO Jensen Huang and Intel CEO Lip-Bu Tan held a joint webcast to explain just why the world’s most valuable company (Nvidia’s at $4.28 trillion) is throwing a $5 billion lifeline to a struggling competitor.
Nvidia quickly shut down several possible explanations. Huang claimed it had nothing to do with Trump, who famously shook down Intel CEO Lip-Bu Tan for the United States’ own 10 percent stake of Intel, shortly after shaking down Nvidia for 15 percent of its revenue selling chips to China. (China may have just ended that.)
And, Huang insisted, it’s not a strategic shift away from the newer Arm architecture towards the ven …
Read the full story at The Verge.
Original Source: https://www.theverge.com/report/781330/nvidia-intel-explain-5-billion-deal-jensen-huang-lip-bu-tan-amd
Original Source: https://www.theverge.com/report/781330/nvidia-intel-explain-5-billion-deal-jensen-huang-lip-bu-tan-amd
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