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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 GCC’s situation is quite unique at the global level.
June 8th, 2014 - 11:23 GMT

Beyond the usual: massive surpluses await the Gulf economies

The report gave no indication of whether any change in investment strategy was envisioned.
June 8th, 2014 - 11:15 GMT

Norway, you have competition: Saudi Arabia about to launch its first Sovereign Wealth Fund

Al Bawaba
June 8th, 2014 - 11:07 GMT

The equivalent of Jordan’s entire GDP: Libya has lost $30 billion so far in lost oil production

Al Bawaba
June 8th, 2014 - 07:43 GMT

'Friends of Egypt': King Abdullah calls Sisi to pledge economic support

High-ranking business leaders and travel and tourism experts welcomed the proposal.
June 8th, 2014 - 02:55 GMT

A one for six deal: unified GCC visa for tourists seems to be on the way

Abu Dhabi has been seeing a boom in tourism in recent months, with occupancy levels in the emirate’s hotels reaching 71 per cent in 2013.
June 8th, 2014 - 02:55 GMT

New massive, $250 million resort planned for Abu Dhabi

The Ministry of Haj has warned local Haj companies against running exaggerated advertising campaigns and to refrain from using language that seemingly promotes special or VIP services.
June 5th, 2014 - 01:00 GMT

Better deliver what they promise: Saudi Arabia toughens up requirements for Hajj firms

Al Bawaba
June 5th, 2014 - 11:18 GMT

Someone's happy with the elections: Egyptians can now apply for Saudi visas

Al Bawaba
June 5th, 2014 - 11:06 GMT

Crossing the line, again: Israel issues 1500 tenders to build houses beyond the Green Line

 Ibrahim Saif said that Kim’s visit “sheds light on the repercussions of the refugee crisis on the Jordanian economy”.
June 5th, 2014 - 10:59 GMT

Jordan’s wasta? UNHCR says World Bank loans to Jordan should become grants

Although the launch of the iPhone 6 is not even official as yet, a recent survey by US-based 451 Research’s ChangeWave found heightened interest for the new device in the market.
June 5th, 2014 - 04:29 GMT

Here comes the frenzy: iphone 6 rumours are already spreading around

Al Bawaba
June 5th, 2014 - 02:55 GMT

With an impending scorching summer, midday work to be banned in the UAE

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