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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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While overall unemployment experienced a slight increase, the seasonally adjusted unemployment rate decreased slightly to 9.1 percent, down from 9.2 percent in January.
May 16th, 2014 - 12:07 GMT

The realities of the economic 'miracle': Turkey's unemployment rate above 10%

Bank of Israel officials told "Globes" last week that the strong shekel was a direct consequence of the dollar's weakness on international markets, and drew attention to the dollar-euro exchange rate.
May 15th, 2014 - 11:44 GMT

An economic 'emergency'? Israel's high-tech exports down by one third

On March 1, Iranian Oil Minister Bijan Namdar Zanganeh said that Iran's oil industry would head forward, with or without sanctions.
May 15th, 2014 - 03:47 GMT

A post-sanctions refined relationship? Chinese companies to invest $3 billion into increasing Iran's oil refining capacities

Locals said large sections of the sea had been covered in an unidentified black substance, initially thought to be an oil spill, last Sunday.
May 15th, 2014 - 02:23 GMT

Lebanese power plant under fire for causing massive pollution

“They have to be ready to sell and they’ve said they’re not ready,” Chapman said at Airport Show 2014 in Dubai.
May 15th, 2014 - 02:20 GMT

The sky is the limit: Emirates has its eyes set on Lufthansa's catering business

MasterCard, a technology leader in the global payments industry, plans to set up in Dubai its first processing centre outside the US in the last quarter of 2014.
May 15th, 2014 - 02:55 GMT

Take a wild guess: Mastercard to open first service center outside the US in this ME city

Al Bawaba
May 14th, 2014 - 11:04 GMT

Humanity vs Labour exploitation: 1-0. World Cup violations induce Qatar to put an end to sponsorship system

Al Bawaba
May 14th, 2014 - 10:45 GMT

A second chance? Nissan profits surpass 2008 high in UAE

Al Bawaba
May 14th, 2014 - 10:28 GMT

What better way to go global? Arabtec to become regional sponsor of Manchester City

Al-Awaji noted that the Kingdom has electric links with the Gulf Cooperation Council countries while Egypt is linked with eight eastern Arab countries
May 14th, 2014 - 06:09 GMT

Materializing linkages: Saudi Arabia, Egypt to share electricity during hot summer days


The opportunity is specifically created for football loving investors looking to benefit from the fast-growing online retail market in the Middle East. The minimum investment ticket is $10,000.
May 14th, 2014 - 11:22 GMT

Middle East football fans get a chance at becoming investors

In its first public announcement on the project, SABIC did not say where the complex would be located, how much it would pay for the oil or if the crude would be subsidised
May 14th, 2014 - 11:13 GMT

Despite all the other 'mysteries': SABIC's oil-to-chemical plant to become operational in 2020

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