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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 22nd, 2014 - 10:11 GMT

British clothing brand Ted Baker opens first store in Egypt

Meanwhile, in March, Dimian described the energy subsidies system as “high and unreasonable”, adding that it would not continue “in the current form”
April 22nd, 2014 - 02:55 GMT

Here it comes: Egypt's energy subsidy reforms to take effect in July

International rating agency Standard & Poor’s has raised its outlook for Lebanon-based Bank Audi, BankMed and BLOM Bank to stable from negative, just a week after upgrading the outlook of Lebanon from negative to stable.
April 21st, 2014 - 09:47 GMT

First the economy, now the banks: S&P raises Lebanon's outlook from negative to stable

“At the forefront of these projects came the multi-billion dollar clean fuel project, the new Al Zour refinery, the fifth natural gas plant and the construction of new liquefied natural gas import facilities,”
April 21st, 2014 - 09:38 GMT

Kuwait's KNPC to invest $35 billion in transforming the country's oil industry

Saudi Arabia plans to invest $109 billion to produce 41 gigawatts (GW) of solar energy by 2032, which is almost 30 percent of its total energy requirement by that time
April 21st, 2014 - 07:53 GMT

A sign of rationality or desperation? Saudi Arabia is about to spend the equivalent of one fifth of its GDP to become world's largest solar energy producer

Qatar also came under fire by the international human rights community after reports of migrant workers being ill-treated in the country
April 21st, 2014 - 07:37 GMT

Corruption, migrant worker deaths, weather problems, and now this: Qatar reduces number of World Cup stadiums by one third

The country's GDP in 2013 was $202.38 billion, according to government data (File Archive)
April 21st, 2014 - 11:00 GMT

Figure this: Qatar GDP to reach record 12 figure number by year's end

A total of 2.25 million passengers used Sharjah Airport from January to March 2014 (File Archive/Shutterstock)
April 21st, 2014 - 09:00 GMT

Sharjah airport soars to record level of passenger traffic

Al Bawaba
April 21st, 2014 - 07:00 GMT

Egypt: Thank God for Easter! Tourism brings in thousands for holiday weekend

 
By holding 157 billion barrels of recoverable crude oil reserves, Iran possesses the world’s fourth largest reserves of crude oil.
April 21st, 2014 - 02:55 GMT

No wonder someone's freaking out: Iran oil output hits 2.9 million bpd, projected to double

The National Insurance Consortium will provide “construction all risks” and “third-party liability” insurance to Phase 1 of Doha Metro Project.
April 21st, 2014 - 02:55 GMT

Qatar Rail offers "largest-ever" insurance contract

GCC governments are targeting greater diversification so that the non-oil private sector starts to play a more significant role in supporting the economy, according to the Q1 review.
April 21st, 2014 - 02:55 GMT

4 is the lucky number? GCC economies projected to grow 4.4% in '14

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