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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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“The objective of the fund is to achieve a risk adjusted medium to long-term capital appreciation while generating a quarterly cash dividend to investors,” it added.
June 24th, 2014 - 04:57 GMT

An attempt to recover from Emirates' rejection? Airbus converts to islamic finance for leasing deals with UAE carriers

Al Bawaba
June 24th, 2014 - 03:55 GMT

Time for new trading partners? EU dethrones the US as world's top food exporter

After four days of trading in the green, the Saudi stock market saw a significant setback on Monday, dropping more than one percent or 103.85 points.
June 24th, 2014 - 03:55 GMT

Tourism, construction stocks take hit in Saudi Arabia

However the company has seen its share price drop dramatically from a high of $73 dollars in December to a low of just $30 last month — though the price has rebounded somewhat in recent weeks.
June 24th, 2014 - 03:55 GMT

What if? Twitter reveals that it once rejected Facebook's $500 million offer

Al Bawaba
June 23rd, 2014 - 11:04 GMT

Thank you Emirates Airlines? UAE tourists to Protugal increase 140%

Al Bawaba
June 23rd, 2014 - 09:49 GMT

It keeps getting worse? Arabtec lays off hundreds of employees

Al Bawaba
June 23rd, 2014 - 09:43 GMT

Nice: French Nice is top destination for UAE private jetters

Badawood said many jobs could be done from home with the support of computers and the Internet.
June 23rd, 2014 - 09:26 GMT

Keeping them 'where they belong'? Working from home option introduced for Saudi women

The funds are the first tranche of some $1.5 billion in mostly military aid which has been frozen since October amid US administration demands that the Egyptian government introduce democratic reforms.
June 22nd, 2014 - 08:18 GMT

Bracing for Apaches: US to resume military aid to Egypt

Al Bawaba
June 22nd, 2014 - 06:06 GMT

Not all bad, though: Egyptian companies absent from Forbes' 20 top companies list

Al Bawaba
June 22nd, 2014 - 05:05 GMT

Keep 'em coming: Middle East has fastest growing 'hotel pipeline' in the world

Arabtec shares fell by 9.86 per cent while Emaar fell by 3.44 per cent and Deyaar by 2.52 per cent.
June 22nd, 2014 - 04:47 GMT

Arabtec's drama drags dubai shares down

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