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Nvidia seals $20bn Groq deal as AI chip race accelerates
December 25th, 2025 - 08:54 GMT
Dr. Mansour Al-Maswari

Mansour Al-Maswari

Nvidia seals $20bn Groq deal as AI chip race accelerates

ALBAWABA- Nvidia announced its largest-ever acquisition, agreeing to buy assets from AI chip startup Groq for approximately $20 billion in cash, alongside a non-exclusive licensing agreement for Groq’s technology and the recruitment of key executives and engineers. The deal strengthens Nvidia’s position as demand for artificial intelligence hardware continues to surge worldwide. Founded in 2016 by former Google engineers, Groq specializes in high-speed, energy-efficient AI inference chips, designed to deliver ...
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With Dubai’s property market booming, analysts warn that several signs of excesses, reminiscent of pre-crisis years, are returning to the market
July 10th, 2014 - 02:24 GMT

The Ramadan tradition lives on: Damac to offer luxury BMW with property purchases

DP World, which has a portfolio of about 65 terminals across six continents, owns one-third of Djibouti’s Doraleh Container Terminal, the company’s annual report says.
July 10th, 2014 - 01:58 GMT

Djibouti has some beef with DP world and its taking it court

Al Bawaba
July 9th, 2014 - 03:33 GMT

Emirates orders $56 billion Boeing planes after historic Airbus cancellation

Al Bawaba
July 9th, 2014 - 03:05 GMT

Time to take a stance: Philippines to blacklist Saudis who harass domestic workers

Al Bawaba
July 9th, 2014 - 03:55 GMT

Worth every (billion) penny in debt: Mall of the World price revealed

Al Bawaba
July 9th, 2014 - 03:55 GMT

One step forward, ten backwards: US-Iran trade falls 57%

Al Bawaba
July 8th, 2014 - 06:43 GMT

The market speaks for itself: Israeli shekel, stocks down on Gaza attacks

South Sinai’s 62,000 hotel rooms represent approximately 33% of Egypt’s total hotel capacity, according to Egypt’s Hotels Chamber.
July 8th, 2014 - 03:53 GMT

Setting a precedent: Germany lifts Sharm al-Sheikh travel warning

Investors appear to have anticipated the weaker results, which were flagged by a recent comment from Samsung’s financial director that the quarter’s earnings were “not that good”.
July 8th, 2014 - 01:46 GMT

The price of overconfidence? Samsung's profits sinks to two year low

Al Bawaba
July 8th, 2014 - 03:55 GMT

The epitome of over-dependence: Egypt’s reserves fall $600 million due to suspension of Gulf aid

Jordan’s imports from Mexico reached $41 million compared with around $17 million of exports
July 8th, 2014 - 03:55 GMT

A perfect fusion: Mexican-Jordanian free trade agreement 'well on its way'

The search for gas has been a priority for Saudi Arabia as it struggles to keep pace with rapidly rising domestic demand.
July 7th, 2014 - 11:44 GMT

It's complicated: Shell gives up its gas investments in Saudi Arabia

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