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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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Al Bawaba
May 26th, 2014 - 02:55 GMT

Iranian billionaire executed over $2.6 billion scam

Al Bawaba
May 26th, 2014 - 02:55 GMT

Turkish mining company, home to the country's worst ever mining disaster, is already calling on its workers to resume work

Iran possesses the world’s second largest reserves of natural gas and the world’s fourth largest reserves of crude oil.
May 26th, 2014 - 12:37 GMT

If you say so: Iran affirms that oil prices won't drop below 100$

Al Bawaba
May 25th, 2014 - 09:28 GMT

Lured by the French charm? GCC investments in France double

Winning a ban may prove difficult for Apple because Koh, who also presided over the companies' first US trial in 2012, twice rejected the iPhone-maker's request in that case, legal experts have said.
May 25th, 2014 - 09:10 GMT

Things are getting intense: Apple seeking legal product ban on Samsung

Al Bawaba
May 25th, 2014 - 08:39 GMT

After trumped plans, Donald Trump is back in Dubai to build golf course, mansions

The device would essentially put the key capabilities of a smartphone into a watch, requiring a SIM card and likely a data and voice plan too.
May 25th, 2014 - 03:52 GMT

Crossing the line between innovation and insanity? Samsung's smart watch to come out as early as next June

Despite the steady increase in oil exports, many Iraqis complain that much of the windfall is lost to state corruption and that the proceeds have not markedly improved daily life.
May 25th, 2014 - 10:18 GMT

A step further: Iraq repairs nothern oil pipeline after months of sabotage

Major sovereign wealth funds in the Middle East and Asia have invested in Russian businesses and backed its state-funded private equity fund.
May 25th, 2014 - 10:08 GMT

A role bigger than itself? Qatar seeking to hold hands with China and replace EU, US investments in Russia

The Ministry of Civil Service in cooperation with the Ministry of Higher Education announced that 6,494 education jobs are available for Saudi youth.
May 25th, 2014 - 02:55 GMT

On a silver plate? 6000 jobs awaiting Saudis in the education sector


Saudi Energy 2014 will serve as an ideal platform for energy professionals, government officials, investors and both local and regional buyers.
May 25th, 2014 - 02:55 GMT

Saudi Energy 2014 kicks off at critical time

Al Bawaba
May 25th, 2014 - 02:55 GMT

Fundamentally strong: S&P affirms Sharjah's ratings

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