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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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Saif says it contributes to 12 per cent of the total national income and provides job opportunities for 10 per cent of the Kingdom’s workforce.
June 10th, 2014 - 08:44 GMT

Long overdue: Jordan allocates $850 million to transport projects

The Gulf state is also revising subsidies on electricity, water and petrol, currently sold at well below cost.
June 10th, 2014 - 08:34 GMT

Here comes the avalanche: Kuwait ends diesel subsidies over deficit fears

Al Gharbi added that the UAE is the happening place where high net worth individuals ask for new concepts in designs keeping in view the green building rules.
June 10th, 2014 - 04:45 GMT

8 luxury Italian firms set up base in Abu Dhabi

Al Bawaba
June 9th, 2014 - 08:09 GMT

Ethiopia's foreign minister calls on Sisi to address dam debacle

Al Bawaba
June 9th, 2014 - 07:55 GMT

UAE real estate sector practice raises red flags

Although the plans for the construction operations have actually been suspended, the contracts have not been cancelled.
June 9th, 2014 - 01:32 GMT

Backtracking: Iran suspends plans to build refineries in Malaysia, Indonesia, and Syria

“The finance required to implement the projects is planned to be secured through attracting foreign investment,” he added.
June 9th, 2014 - 12:49 GMT

Another ambitious post-sanctions goal on the agenda: Iran plans to triple petrochemical exports

Bu Shehab pointed out that there are other proposals that would be discussed with the Ministry of Interior and other competent bodies on the federal level in this regard.
June 9th, 2014 - 08:47 GMT

Open-mindedness is key: flexible work hours proposed as solution to Dubai's traffic jams

Al Bawaba
June 9th, 2014 - 08:35 GMT

An asset, not a burden: Turkey mulling granting Syrian refugees work permits

Al Bawaba
June 9th, 2014 - 08:21 GMT

Karachi airport attack delays Emirates, Etihad flights

Hamas demanded Thursday that the Palestinian Authority take employees of the disbanded Gaza government onto its payroll, after scuffles broke out at banks in the Palestinian territory.
June 8th, 2014 - 03:33 GMT

An explanation for reconciliation? Hamas asks PA to pay its workers

Soccer's governing body FIFA is conducting an internal investigation into the decisions to hold the 2018 World Cup in Russia and the 2022 Cup in Qatar.
June 8th, 2014 - 12:19 GMT

Sony becomes first soccer sponsor to back Qatar World Cup probe

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