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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 fund forms a radical solution for the financial decline that the tourism sector has experienced over the past 20 years, which worsened sharply throughout the past 3 years.
June 4th, 2014 - 07:03 GMT

Time for a revival: $1 billion tourism fund launched in Egypt

Al Bawaba
June 4th, 2014 - 09:46 GMT

Egypt and Jordan trade relations hindered by insufficient shipping lines

“Now we’re updating our 10-year business plan and amending our route structure fleet,” Al Majali said.
June 4th, 2014 - 02:55 GMT

Striving to maintain the 'Royal' label? Royal Jordanian seeks government funding to address losses

LinkedIn was also able to track the leading source countries for talent coming into the UAE and the countries to which talent was migrating, as well as the UAE industry sectors that gained the most
June 3rd, 2014 - 04:48 GMT

A 'gold' rush? UAE top country worldwide for attracting professional talent

Al Bawaba
June 3rd, 2014 - 04:37 GMT

The result of a 'muddle through' fiscal strategy'? Egypt's deficit projected to remain in double digits

He said the ministry has approved 53 companies providing Haj services at reduced rates out of 116 which applied for accreditation. “
June 3rd, 2014 - 12:56 GMT

Saudi Arabia to introduce budget friendly Haj options

“The UAE is known for setting new benchmarks in various fields and creating exemplary standards that are being emulated across the region."
June 3rd, 2014 - 12:20 GMT

Anything to hike spending? UAE residents to be able to use their ID's as credit cards

Al Bawaba
June 3rd, 2014 - 12:07 GMT

It’s all in the name: Virgin mobile opts for Islamic facility to finance ME expansion

Al Bawaba
June 3rd, 2014 - 10:21 GMT

The North-South divide: South Sudan petroleum and mining ministry declares $3.5 billion profits in one year

Lebanon’s gross domestic product dropped 2.9 percent annually between 2012 and 2014
June 3rd, 2014 - 10:07 GMT

Lebanon $7.5 billion short thanks to Syria conflict

Al Bawaba
June 3rd, 2014 - 09:58 GMT

Dubai realty overcomes slower growth rate while still topping global rankings

The International Monetary Fund warned Bahrain last year that the Kingdom needed to reform its public finances in the medium term to avoid its debt burden becoming unsustainable.
June 3rd, 2014 - 02:55 GMT

Double trouble: Bahrain's budget gap grows twofold

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