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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 young men and women will receive fringe benefits including good salaries, financial incentives and vocational training," he said.
June 16th, 2014 - 09:30 GMT

Time to bring back the deported? Dismal turnout for 11,700 Saudized jobs

Escalating violence in Iraq drove crude oil and the dollar higher on Friday while damping the appetite for global equity markets, even as bullish news from the US tech sector lifted stocks on Wall Street.
June 16th, 2014 - 02:55 GMT

Escalating violence in Iraq drives up oil prices

In Dubai, property developer, Arabtec, dropped the most allowed to reach a share price of Dh4.50.
June 16th, 2014 - 02:55 GMT

Things were too good to be true? Arabtec's stocks plummet 10%

The OPEC meetings since 2012 have produced no policy change.
June 15th, 2014 - 06:45 GMT

Pragmatic or simply bored? Saudi Arabia wants less OPEC meetings

Al Bawaba
June 15th, 2014 - 06:40 GMT

Morocco raises $0.7 billion on international markets

Al Bawaba
June 15th, 2014 - 03:55 GMT

Perhaps it should first ensure that its migrant works are paid? Qatar to pay wages of Hamas' civil servants

The airline began non-stop daily flights from Abu Dhabi to World Cup host city Sao Paulo in June
June 15th, 2014 - 02:55 GMT

True competitiveness? Etihad airlines offers in-flight streaming options for World Cup games

On average, SABIC files a new application every 18 hours, each based on the work of approximately four researchers, the statement added. The petrochemicals giant said that it filed 373 patent applications in 2013 and applied for 159 applications in the first quarter of this year.
June 15th, 2014 - 02:55 GMT

For once, size matters: Saudi Sabic becomes ME's largest patent developer

Al Bawaba
June 15th, 2014 - 02:55 GMT

A proxy for economic performance or stark inequality? ME’s private wealth surpasses $5 trillion

Al Bawaba
June 12th, 2014 - 02:42 GMT

Unified exploitation? Saudi Arabia introduces standardized wage for temporary domestic workers

The King launched the project in the presence of Her Majesty Queen Rania and HRH Crown Prince Hussein as well as high-ranking officials, officers and local and international businesspeople.
June 12th, 2014 - 10:47 GMT

Mabrook to 'New' Amman! King Abdullah inaugurates Jordan's largest urban project, Abdali Boulevard

IALI has always worked in close partnership with the International Labor Office and other host country organizations, and is increasingly working at regional levels.
June 12th, 2014 - 09:01 GMT

Long overdue? Saudi Arabia joins international association for labor inspection

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