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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 two countries have a lot in common, such as religion, neighborliness, history, and culture,” he stated, adding that these factors can help catalyze their economic relations.
June 3rd, 2014 - 02:55 GMT

An unlikely alliance? Iran, Kuwait decide on economic cooperation

The six month Dubai World Expo event is expected to attract 25 million visitors and be a key driver for tourism, with other emirates also set to benefit.
June 2nd, 2014 - 09:07 GMT

More of what they need: Expo to bring 28,000 more hotel rooms to the UAE

The new service means that as of August 1, Emirates will offer passengers 14,185 seats each week on the route from Dubai.
June 2nd, 2014 - 08:35 GMT

Emirates to fly to Karachi six times a day

But the prospect of large job cuts at Alitalia and the airline’s debt of at least €800 million have been major hurdles in the talks.
June 2nd, 2014 - 02:47 GMT

Airline Darwinism: Eithad, Alitalia reach breakthrough in negotiations

Mearly half of Yemen's population is going hungry, the UN's food agency warned Friday, saying it was scaling up its aid to the impoverished country.
June 2nd, 2014 - 02:55 GMT

Poor Yemen: half of Yemenis threatened by food crisis

Al Bawaba
June 2nd, 2014 - 02:55 GMT

Iraqi oil production is headed for a comeback

Al Bawaba
June 2nd, 2014 - 02:55 GMT

Sisi yes: 10% raise for all governmental employees in Egypt

The insurance sector saw its trading volume more than triple to 0.4mn stocks and value more than quadruple to QR26.94mn on more-than-doubled deals to 204.
June 2nd, 2014 - 02:55 GMT

Qatar bourse breaks record on MSCI upgrade

Al Bawaba
June 2nd, 2014 - 02:55 GMT

Dubai Silicon Oasis to host MENA's largest entrepreneurship center

Three years after the fall of Hosni Mubarak amid a street uprising in Tahrir Square, Egypt’s political and economic future is still uncertain.
June 1st, 2014 - 08:29 GMT

The three formidable E's: Egypt, elections,and energy

The outlook for finance and insurance firms was stronger than for real estate and business services firms on volumes, new orders and profits
June 1st, 2014 - 11:27 GMT

A good year for Qatar: Construction industry's business optimism at a three-year high

With its focus on education and vocational training, the delegation met officials of Omani universities, training institutes and businessmen
June 1st, 2014 - 09:07 GMT

#BuildingBridges: Austrian delegation explores possible education ties with Oman

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