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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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Ben Gurion Airport expects 1.2 million passengers over the holiday, up 25% from 2013.
April 14th, 2014 - 04:46 GMT

Modern day exodus? Israelis flock to Turkey for Passover

Washington lawmakers have refused to pass the reforms, claiming they would prove too heavy a burden during a time when the US is still running a large budget deficit.
April 14th, 2014 - 04:29 GMT

The usual love-hate relationship: Saudi accuses US of stalling IMF governance reforms and clinching on to voting power

Iran will build six oil refineries in Indonesia's Benten and West Java regions (File Archive)
April 14th, 2014 - 10:00 GMT

Iran set to build oil refineries in this Islamic country

Dubai International Airport has the most passenger traffic of any airport in the entire world (File Archive)
April 14th, 2014 - 07:44 GMT

Dubai airport renovation will force 300 flights to relocate

“We will focus on the country’s historic strategy, which is to supply international markets with oil, especially the challenges facing the market as well as the future role of the member states of Opec.”
April 14th, 2014 - 02:55 GMT

The diversified economy farce: UAE striving to raise oil production capacities to 3.5 bpd

Al Bawaba
April 14th, 2014 - 02:55 GMT

Amidst unmet pledges, Kuwait remains most generous donor to Syrians

The German government will not approve a reported deal to sell up to 800 battle tanks to Saudi Arabia,
April 14th, 2014 - 02:55 GMT

Germany was about to make the biggest weapons sale deal with Saudi Arabia

The committee has exempted pharmacies, gas stations, coffee shops and restaurants with special permits from the decision.
April 13th, 2014 - 08:13 GMT

Something even worse than Saudization is on its way: 9pm shop closures

Al Bawaba
April 13th, 2014 - 02:00 GMT

Invading the market? Iraq set to export 300 million oil barrels in 2014

Al Bawaba
April 13th, 2014 - 01:00 GMT

Not the Expo, but still a recognition: Dubai featured in TripAdvisor top 25 places to visit list 2014

Al Bawaba
April 13th, 2014 - 12:30 GMT

Annual Saudi food, hotel & hospitality fest draws worldwide visitors

Al Bawaba
April 13th, 2014 - 12:00 GMT

U.S. firm announces collaboration with Dubai to open new theme park in 2017, and even Bollywood is part of the plan!

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