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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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Sharjah International Airport's spike in traffic is largely due to the renovations at Dubai International Airport (File Archive/Shutterstock)
May 4th, 2014 - 08:17 GMT

Sharjah airport preparing for spike in summer flights

The official confirmed that the Dh6,000 increase in the minimum salary requirement was implemented in Dubai more than a week ago
May 4th, 2014 - 08:03 GMT

How many can you host now? Minimum salary limit increased for sponsoring immediate family in Dubai

As part of the new deal, customers will receive a free 4G LTE router or MiFi device (File Archive)
May 4th, 2014 - 07:50 GMT

Announcing Zain's new ultra-fast 4G package deals

Iran has the second largest natural gas reserves after Russia (File Archive)
May 4th, 2014 - 07:39 GMT

An unlikely partnership? Iran may be the next big supplier of energy to the EU

Lebanon has lost millions in profits within its tourism sector due to regional turmoil and domestic security issues (File Archive)
May 4th, 2014 - 06:57 GMT

Beirut launches new initiative to boost Lebanese tourism sector

Al Bawaba
May 1st, 2014 - 02:44 GMT

If only they'd cement their relationship on land as well: Qatar Airways to increase flights to Saudi

Al Bawaba
May 1st, 2014 - 02:18 GMT

China loves Abu Dhabi! Tourism figures from China to the UAE soar in Q1

Al Bawaba
May 1st, 2014 - 01:18 GMT

Hundreds of delegates attend ICC Banking Commission meeting in Dubai

Al Bawaba
May 1st, 2014 - 12:52 GMT

Major UAE steel company sees double digit growth

Al Bawaba
May 1st, 2014 - 12:19 GMT

Mecca metro project to be underway in 2016, official says

Al Bawaba
May 1st, 2014 - 12:10 GMT

Canadian company secures Abu Dhabi oil deal

Al Bawaba
May 1st, 2014 - 11:59 GMT

Sharjah opens first boutique hotel

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