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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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Microsoft said it will acquire some 25,000 Nokia employees in 50 countries.
April 26th, 2014 - 01:26 GMT

It's official: Nokia's era comes to and end with Microsoft's $7.5 billion takeover

The dispute is delaying publication of an oil and gas exploration tender for Lebanon's Block 9, which could have more than seven trillion cubic feet of natural gas.
April 26th, 2014 - 01:17 GMT

Forget Hezbollah: Israel, Lebanon hit deadlock over offshore gas explorations

Congress passed a bill in January allocating $1.3bn in military aid to Egypt under certain conditions
April 26th, 2014 - 01:02 GMT

Is US military aid to Egypt about to resume?

Al Bawaba
April 24th, 2014 - 03:50 GMT

Saudi Arabia to build world's biggest desal plant

The two luxury four and five star hotels will offer over 1,000 rooms (Shutterstock)
April 24th, 2014 - 03:36 GMT

Two luxury hotels scheduled to open in Oman by 2017

Al Bawaba
April 24th, 2014 - 02:56 GMT

Big like. Etihad unveils new social media campaign

Al Bawaba
April 24th, 2014 - 01:59 GMT

India to pay Iran $1.65 billion in landmark oil deal

Around 67 percent of DI’s total asset base is in the property sector which positions DI as a major real estate player in the UAE.
April 24th, 2014 - 02:55 GMT

In monumental move, Dubai investments raises foreign ownership cap to 35%

Al Bawaba
April 24th, 2014 - 02:55 GMT

GCC rivalry at its finest: foundation for world's tallest tower in Jeddah "all set"

Bank Mellat, which has been in Turkey since 1982, faced restrictions in 2012 which led to a decline in its growth due to economic sanctions imposed against Iran.
April 23rd, 2014 - 10:36 GMT

Iran has its eyes set on Turkish banks

Al Bawaba
April 23rd, 2014 - 01:49 GMT

Work begins in Bahrain on new UK naval base expansion

Al Bawaba
April 23rd, 2014 - 12:49 GMT

Asia to overtake U.S. as Israel's biggest exporter

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