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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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Iran has tried to bring more foreign companies into its energy sector since securing sanctions relief from a November interim agreement to temporarily curb its nuclear activities.
May 19th, 2014 - 02:55 GMT

What's in it for who? Swedish and Russian firms to help Iran dig for oil in the Caspian sea

Horizon currently has 210 trainees enrolled in its aviation training programmes and has been providing training for Etihad Airways’ cadet pilots for the last seven years.
May 19th, 2014 - 02:55 GMT

Etihad airlines establishes 'Flight Academy' for Emiratis only

By the end of the current fiscal year the amount spent on subsidies will reach approximately EGP 135bn ($19 billion).
May 18th, 2014 - 11:53 GMT

Egypt puts a price tag on this year's energy subsidies

Al Bawaba
May 18th, 2014 - 11:40 GMT

Ethiopia committed to "genuine negotiations" with Egypt over dam debacle

With regard to imports, China is the top trading partner of Dubai dealing in trade worth Dh130 billion ($35 billion), he added.
May 18th, 2014 - 11:26 GMT

From high to higher: Dubai China trade grows 18%, stands at $36 billion

The project will bring on stream 26 wells from four fields in the Reggane basin, the company said.
May 18th, 2014 - 11:31 GMT

The hidden oil giant: British Petrofac awarded $970 million oil contract in Algeria

Al Bawaba
May 18th, 2014 - 10:48 GMT

A shift away from modern day slavery? More impending labour reforms for Qatari migrant workers

In addition to trade in oil and gas, the Netherlands exports a wide range of products and technology in the agriculture, machinery, chemical and petrochemical sectors in Saudi Arabia
May 18th, 2014 - 02:55 GMT

Saudi Arabia is mulling trade sanctions against the Netherlands, and Geert Wilders might have something to do with it

Al Bawaba
May 18th, 2014 - 02:55 GMT

Pulling a Toyota? Hyundai to recall 140,000 Tucsons

The project will have production capacity of 16 million tonnes a year.
May 18th, 2014 - 02:55 GMT

Replacing oil with minerals: Saudi Ma'aden has $1.5 billion worth of ambitions up its sleeve

Al Bawaba
May 18th, 2014 - 02:55 GMT

$1.6 billion and years later: the date for Kingdom Tower's dethroning of Burj Khalifa announced

The Iraqi government has repeatedly said oil sales by-passing Baghdad are illegal and has threatened to sue any company involved in the trade
May 16th, 2014 - 12:36 GMT

Too far? US, Israel are allegedly importing 'illegal' oil from Kurdistan

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