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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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Under Jordanian labour laws, an unlicensed change of activity is considered a violation of the law, and the number of Egyptian workers in violation of the law is unofficially estimated to be between 750,000 and one million workers.
May 28th, 2014 - 04:59 GMT

Feeling tough these few days? Jordan to deport 260 Egyptians for labor law violations

Qatar's emir has instructed all companies listed on the country's stock exchange to raise their limit for foreign ownership to 49 percent in a move that could attract more liquidity to the buoyant bourse.
May 27th, 2014 - 10:26 GMT

Welcoming liquidity: Qatar firms ordered to raise foreign ownership cap to 49%

Passenger traffic through Dubai’s main airport, one of the world’s busiest, rose 13.7 per cent from a year earlier to 6.16 million people in April, the airport operator said on Tuesday.
May 27th, 2014 - 09:39 GMT

They keep coming: Dubai airport traffic up 13.7% in April alone

David Haigh, who until March was deputy chief executive of Dubai-based GFH Capital, a unit of Bahrain’s Gulf Finance House, has been referred to Dubai’s public prosecutor for trial.
May 27th, 2014 - 09:26 GMT

Ex-leeds official accused of embezzling $6.75 million in Dubai

A sewage plant is also being constructed, also part of infrastructural development in the UAE, and the first phase of the plant has already been completed, said Al Nuaimi.
May 27th, 2014 - 02:55 GMT

Jealous much? Ajman to spend 40% of its budget on new airport and attracting tourists

Al Bawaba
May 27th, 2014 - 02:55 GMT

The power struggle continues: Erdogan harshly criticizes central bank, asks if "it's kidding"

Al Bawaba
May 27th, 2014 - 02:55 GMT

Always outside its comfort zone: UAE signs open skies agreement with Cuba

Al Bawaba
May 26th, 2014 - 10:12 GMT

New convertible Jaguar hits Saudi streets

Al Bawaba
May 26th, 2014 - 09:19 GMT

Jordanian shipping company fined $500,000 for violating US environmental laws

Construction contracts for a new crude oil pipeline between Saudi Arabia and Bahrain are expected to be tendered by the end of the year.
May 26th, 2014 - 08:57 GMT

New Saudi-Bahraini $350 oil pipeline in the making

Saeed said the highest level the stock market has witnessed occurred in 2008, when it registered 12,000 points, followed by a slump for five years.
May 26th, 2014 - 07:17 GMT

Election day bonanza raises Egypt's bourse to highest levels since 2008

The bank should leave the currency floating and expose it to the market’s supply and demand, Younes said.
May 26th, 2014 - 10:26 GMT

Great news? Egyptian pound continues to depreciate

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