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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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“EDL will limit the network’s productive capabilities to a fixed amount of 1,550 Megawatts from July 1 to Sept. 10," the statement said. “We call on citizens to understand need to achieve balance between the need for electricity production and the sensitive situation of the public budget,” the EDL said.
July 6th, 2014 - 02:55 GMT

From bad to worse: Lebanon determines 13 hours of electricity a day

The spending figure of 23.21 billion dinars is 10.5 percent higher than estimates in the past fiscal year of 21 billion dinars.
July 4th, 2014 - 02:28 GMT

Will it get away with it this time? Kuwait passes excessively high budget, projects deficit

The project has envisaged that about 250 megawatts (MW) of electricity will be generated per day from burning 1,500 tons of solid waste.
July 4th, 2014 - 12:56 GMT

No need for any more 'garbage': US company breaks the ice with $1.1 billion investment in Iran's waste management

Etihad joins Emirates, which sponsors Old Trafford cricket ground and Durham County Cricket Club, in bolstering its English brand profile through cricket.
July 4th, 2014 - 01:21 GMT

Reverse colonialism? Etihad becomes official carrier for England Cricket Board

Al Bawaba
July 4th, 2014 - 01:14 GMT

A national priority: Mall of Egypt on track for Jan 2016 opening

Al Bawaba
July 4th, 2014 - 12:59 GMT

Avoiding rock bottom: Libya declares oil crisis done and over with

Regarding President Abdel Fattah Al-Sisi’s plan to provide the market with citizen’s needs for oil and sugar produced by the army, she said this plan is “illogical in economic terms and impossible to implement.
July 3rd, 2014 - 01:32 GMT

Wasn't it the one pushing for removing subsidies in the first place? IMF says Egypt will not be able to control prices after lifting fuel subsidies

Al Bawaba
July 3rd, 2014 - 02:00 GMT

Evading prison: Sawiris will not face jail time for tax evasion

KPC has said previously that the existing pipeline linking the two cities, also built by Zakhem International in 1973, has outlived its 30-year lifespan and was prone to ruptures.
July 3rd, 2014 - 01:54 GMT

It's never all bad: Lebanese firm wins major, $490 million pipeline deal in Kenya

“The facility scope of work is similar to other facilities built in the past by the US Army Corps of Engineers in other Middle Eastern countries,” it added.
July 3rd, 2014 - 01:14 GMT

Cementing its base: US army to build $1.7 billion hospital in Kuwait

The new complex will create significant value to Ma’aden shareholders.
July 2nd, 2014 - 06:42 GMT

Replacing oil? Ma'aden signs $5 billion dear worth of phosphate agreements

An estimated 20 million visitors are expected to attend Expo 2015, of which 7.6 million will travel to Milan by air, the two airlines said in a joint statement.
July 2nd, 2014 - 02:23 GMT

Another Expo win: Etihad, Alitalia named official Expo 2015 carriers

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