The two chip companies have signed a term sheet, according to sources with direct knowledge of the agreement. Intel has signed a term sheet to acquire the AI chip startup SambaNova Systems, two sources with direct knowledge of the agreement tell WIRED. The details of the term sheet are unknown. The agreement is non-binding, meaning the deal is not yet finalized and could be dissolved without penalty. It could take weeks or even months before regulatory approval, liability scrutiny, and financial due diligence are complete.

Nvidia's CEO, Jensen Huang, talks during the keynote address of Nvidia GTC on 18 March 2025 in San Jose, California. Nvidia's CEO, Jensen Huang, talks during the keynote address of Nvidia GTC on 18 March 2025 in San Jose, California. Nvidia to invest $5bn in Intel after Trump administration's 10% stake Nvidia, the world's leading chipmaker, has announced plans to invest $5bn in Intel and collaborate with the struggling semiconductor company on products. A month after the Trump administration confirmed it had taken a 10% stake in Intel - the latest extraordinary intervention by the White House in corporate America - Nvidia said it would team up with the firm to work on custom datacenters that form the backbone of artificial intelligence (AI) infrastructure, as well as personal computer products. Intel shares jumped nearly 23% after markets closed, making it the largest one-day percentage gain for the company since 1987.

Jensen Huang Wants You to Know He's Getting a Lot Out of the'Fantastic' Nvidia-Intel Deal Nvidia is investing $5 billion in Intel. The news comes after the US government took a roughly 10 percent equity stake in the struggling chipmaker. Nvidia CEO Jensen Huang attends a business event hosted by US president Donald Trump and Britain's prime minister, Keir Starmer, at Chequers, in Aylesbury, central England, on September 18, 2025. One of the world's most valuable companies is throwing Intel a lifeline. Nvidia, which has a market cap of $4.3 trillion, said today that it will invest $5 billion in Intel, the struggling US chipmaker that was recently at the center of an unorthodox investment deal with the US government.

The chief financial officer for the chip manufacturer Intel, David Zinsner, has announced his company received 5.7bn as part of a deal negotiated with the administration of United States President Donald Trump. During an investor conference on Thursday, Zinsner said that Intel, a leader in the US development of semiconductor chips, received the funds on Wednesday evening. Last week, the White House revealed the federal government would take a 10 percent stake in the struggling tech giant, based in Santa Clara, California. As part of the deal, the government negotiated a five-year warrant for an additional 5 percent of Intel's shares, in case the company should cease to own more than 51 percent of its manufacturing operations. "I don't think there's a high likelihood that we would take our stake below 50 percent," Zinsner said.

When people think about AI, they often think about models that run in the cloud like ChatGPT or Google Gemini. But there's an incredibly simple way of running local AI on your PC that Microsoft just implemented. Microsoft announced Microsoft Foundry Local this past week at its Build conference. It's basically a command line tool that runs LLMs locally on your machine. Although it's initially targeted at developers, it's one of the easiest ways of trying out local AI simply because it does everything for you.

Beleaguered chipmaker Intel has confirmed plans to restructure in a shift that will involve an unspecified number of layoffs. It was reported this week that the company could lay off around 20 percent of staff (it had 108,900 employees at the end of last year). In a memo, new CEO Lip-Bu Tan declined to detail the extent of the downsizing, which is largely aimed at reducing "unnecessary bureaucracy" and layers of middle management. "I'm a big believer in the philosophy that the best leaders get the most done with the fewest people. We will embrace this mindset across the company, which will include empowering our top talent to make decisions and take greater ownership of key priorities," Tan wrote.

Intel executives pledged Tuesday that its upcoming Panther Lake chip will combine the best aspects of its earlier processors, Lunar Lake and Arrow Lake. Intel executives spoke in Las Vegas on the second day of its Intel Vision conference, which engages Intel's partners and customers. Intel's new chief executive Lip-Bu Tan outlined his plans for Intel's new direction on Monday, asking for brutal honesty while pledging to return Intel to greatness. We already knew that Panther Lake would be a critical product for Intel this year. Not only is the chip the next iteration of Intel's PC client roadmap, but it's the first chip on Intel's next-generation 18A manufacturing process.

Despite Intel's recent woes, I didn't expect to see CEO Pat Gelsinger joining 15,000 or so of his colleagues being shown the door. Gelsinger is a storied engineer and business success who laid down an exhaustive rescue plan when he took the helm of the beleaguered chipmaker in 2021. It was never going to be a quick fix, given the company's long legacy of missteps. Gelsinger may be the public face of Intel's current malaise, but the problems started long before his tenure and will likely keep going. Gelsinger was tasked with addressing almost two decades' worth of bad decisions, all of which have compounded.

Intel's second-generation Xe2 Arc GPUs are real, and once again, they could be compelling options for gamers looking for capable video cards under 250. Confirming leaks from the past week, Intel today unveiled the 249 Arc B580 and the slightly less capable 219 B570, both of which target 1,440p gaming. They feature the company's new XeSS2 AI capabilities (which are also coming to the older Arc cards), including Super Resolution upscaling (like the original XeSS), frame generation and low latency modes. The goal, according to Intel, is to deliver more performance per dollar compared to NVIDIA's 299 RTX 4060 and AMD's Radeon 7600. It's a noble pitch, but one that's also a repeat of what Intel attempted with its previous Arc GPUs.

The race to build the most compelling AI PC processors continues with the launch of Intel's Core Ultra 200V. At Computex in June, we learned these "Lunar Lake" laptop chips would feature a powerful 48 TOPS (tera operations per second) neural processing unit for AI work, and, surprisingly enough, they'd also sport up to 32GB of built-in memory for faster performance and lower power consumption. Today at Germany's IFA trade show, Intel has given us an even closer look at its next-generation AI PC hardware. According to Intel, the Core Ultra 200V will be "the most efficient x86 processor ever," with up to 50 percent lower on-package power consumption. In addition to bringing memory directly on the chip, Intel also doubled the cache and core count (reaching 4MB and 4 cores) for its "Low Power Island," which handles less demanding work.