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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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Egypt has obtained billions of dollars in loans from other Gulf Arab states in recent months. Some of that money has been used to help Cairo fund energy costs.
May 8th, 2014 - 03:49 GMT

Desperate to avoid more blackouts: Egypt is soliciting $2.5 billion to cover gas imports

KIPCO’s first-quarter revenue rose 19 per cent to 137 million dinars.
May 7th, 2014 - 11:59 GMT

Keeping up with KIPCO: the investment giant posts 20% profits

Out of the total, 14,438 transactions were in Amman alone, accounting for 42 per cent, and 19,560 transactions were in other governorates, accounting for 58 per cent.
May 7th, 2014 - 11:54 GMT

Real estate sector in Jordan gaining unstoppable momentum

“The cultural and historical background of the two nations indicate the close friendship between Iran and China, therefore, media collaboration in all technical and production fields can be developed,” Musavi said.
May 7th, 2014 - 08:47 GMT

A common censorship agenda? Iran and China to expand media relations

One of the two largest gas fields in Israel, Tamar was discovered in the eastern Mediterranean in 2009 and holds an estimated 10 Tcf of gas.
May 7th, 2014 - 08:36 GMT

A cruel role reversal: Israel to export Tamar gas to Egypt

Kuwait has boasted a budget surplus in each of the past 14 fiscal years, helping its sovereign wealth fund to increase to over $400 billion.
May 7th, 2014 - 03:55 GMT

Tough love: the IMF has a few things to say to Kuwait

The Suez Canal is the fastest shipping route between Europe and Asia and brings around $5 billion a year.
May 7th, 2014 - 02:55 GMT

High bids, higher stakes: Winner of massive Suez Canal tender to be announced next month

IEC said in response, "IEC is using every means at its disposal to collect the debt from the Palestinian Authority."
May 7th, 2014 - 02:55 GMT

Weren't they doing that anyway? Israel Electric threatens to cut off electricity to Palestinians over $435 million dispute

Another market that has become important to flydubai’s network is Russia and last year flydubai doubled its network to eight points.
May 7th, 2014 - 02:55 GMT

Flydubai extends its reach to unexpected destinations

Al Bawaba
May 7th, 2014 - 02:02 GMT

Amman, keeping things class-y: Abdali Boulevard to open for business on June 11

Customers can choose primarily between Zain, the Iraqi arm of the Kuwaiti operator of the same name, Asiacell, which is majority-owned by Qatar Telecom, and Korek.
May 7th, 2014 - 12:19 GMT

So 2008: with others already using 4G, 3G networks will just make it to Iraq

Dubai Islamic Bank also contributed to the uptick, rising 5.5 percent to extend gains that started on Thursday when the lender posted a doubling of first-quarter net profit.
May 6th, 2014 - 11:21 GMT

Dubai bourse scores record gains over Emaar Properties' six year high

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