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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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Al Bawaba
April 23rd, 2014 - 12:11 GMT

Major oil company to continue funding growth in Oman

Al Bawaba
April 23rd, 2014 - 11:08 GMT

Over 100 global firms to invest $1.8 billion in Bahrain

Al Bawaba
April 23rd, 2014 - 10:37 GMT

Saudi hospitality sector to grow by 2.5 percent annually by 2017

Al Bawaba
April 23rd, 2014 - 09:54 GMT

BT joins forces with Viva to build interoperability hub in Bahrain

Projects in the pipeline include the 300-acre Titanic Quarter in Belfast, Northern Ireland, consisting of a boutique hotel, financial services centre, new retail development, film and media hub and office space, at a total development cost of Dhs6 billion.
April 23rd, 2014 - 02:55 GMT

No wonder it lifted the visa requirement: UK seeking Gulf investors for $165 billion worth of projects

Earlier this month, Egypt's cabinet approved a new investment law that includes a clause preventing third parties from challenging contracts made between the government and investors
April 23rd, 2014 - 02:55 GMT

Egypt facing $14 billion worth of investment lawsuits

In order to incentivise more Jordanian companies to join the programme, Jordan Customs is introducing new mechanisms that include revised and less stringent requirements and more benefits.
April 23rd, 2014 - 02:55 GMT

Jordan revises 'Golden List Program'

Shopping malls and retail made up over 38 per cent of total revenue at Dhs863 million.
April 22nd, 2014 - 09:44 GMT

Emaar profits rise 55%, up 94% from last year

Al Bawaba
April 22nd, 2014 - 01:19 GMT

And Finally! Doha’s new airport finally set to open on May 27 after missing previous deadlines

Al Bawaba
April 22nd, 2014 - 12:15 GMT

Saudi to hold waste management and recycling summit

Al Bawaba
April 22nd, 2014 - 11:52 GMT

UAE household spending on electronics up by 62 percent

Al Bawaba
April 22nd, 2014 - 11:29 GMT

Dubai hosts UAE's biggest employment fair

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