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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 Abu Dhabi carrier, which began operations to Los Angeles earlier this week is in the final stage of negotiations with the Italian carrier. (AFP)
June 12th, 2014 - 08:39 GMT

Endless possibilities: Etihad to acquire 49 percent of Alitalia

Al Bawaba
June 12th, 2014 - 07:35 GMT

Sisi yes: Standard and Chartered call Sisi's win 'positive to the economy'

Dubai stocks have indeed become some of the most highly valued equities in the world, but  correction from these heights is only to be expected.
June 11th, 2014 - 01:08 GMT

Dubai's stocks tumbling on central bank's bubble warning and imminent 'Ramadan effect'

Emirates was among the first buyers for the A350 rival model to Boeing’s 787 Dreamliner when it placed the order for 50 A350-900 and 20 A350-1000 jets in 2007.
June 11th, 2014 - 11:45 GMT

Ouch: Emirates cancels 70 airbus orders all at once

Al Bawaba
June 11th, 2014 - 11:33 GMT

Partners against crime: UAE, US sign innovative agreement on tax evasion

The expansion in GDP was 4 percent for the entire 2013.
June 11th, 2014 - 11:21 GMT

What crisis? Turkey's economy still expanding

Local authorities in Indonesia, Laos, Philippines and Vietnam announced over 1.6 billion dollars’ worth of investment projects, according to a conference press release.
June 11th, 2014 - 03:55 GMT

Saudi Arabia to build the world's largest desalination plant

Iran plans to boost annual petrochemical output to 180 million tons from around 60 million tons currently.
June 11th, 2014 - 03:55 GMT

Cheating sanctions? China to use Iran's frozen billions to build it a petrochemical plant

Hilton Worldwide Middle East & Africa recently introduced two of its brands to the region including Hilton Garden Inn and Double Tree Hotel.
June 10th, 2014 - 11:54 GMT

Following the spenders? Hilton to develop its largest resort in the Middle East

Former army chief Abdel Fattah Al-Sisi was sworn in on Sunday, vowing to fix the economy and emphasising a need for hard work by all.
June 10th, 2014 - 11:04 GMT

Anything for an agriculutral revival: Sisi to destroy illegal buidlings across the Nile

Al Bawaba
June 10th, 2014 - 10:09 GMT

What bubble? Dubai real estate transactions cross the $27 billion mark

The state-backed firm has confirmed plans to ensure that 7,000 taxis are on the roads before the world football tournament gets underway in Qatar.
June 10th, 2014 - 09:32 GMT

Someone should tell them not to hold their breaths? Qatar's taxis doubling their operations in anticipation for 2022 World Cup

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