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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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Omani exporters wishing to access EU markets should be aware of the existing special requirements of their trading partners
April 6th, 2014 - 06:55 GMT

Two heads are better than one: Oman, EU seek to boost bilateral trade, investment

The IMF official said growth increased to about 3 per cent in 2013
April 6th, 2014 - 05:52 GMT

IMF to disburse $264m to Jordan under a Stand-By Arrangement in April

Iran says US sanctions have prevented it from renewing its fleet, forcing it to use sub-standard Russian aircraft and to patch up jets that have long since exceed their normal years of service. Iran says US sanctions have prevented it from renewing its fleet, forcing it to use sub-standard Russian aircraft and to patch up jets that have long since exceed their normal years of service.
April 6th, 2014 - 02:55 GMT

200 accidents later, Boeing,GE to sell spare airplane parts to Iran

According to SFD sources, around 50 companies were referred to the Public Prosecution last year. Altogether 84 cases were registered during the same time.
April 4th, 2014 - 07:41 GMT

Going Saudi-style? Qatar cracks down on migrant workers

Al Bawaba
April 3rd, 2014 - 11:55 GMT

Abu Dhabi's LED lights help reduce consumption

Rental rates for prime two-bedroom apartment on Abu Dhabi Island now average Dh200,000 per year
April 3rd, 2014 - 09:55 GMT

Here comes the 'Dubai avalanche'? apartment sale prices in Abu Dhabi on the rise

Al Bawaba
April 3rd, 2014 - 06:50 GMT

You know things are bad when....Turkey goes asking for Gulf money

Al Bawaba
April 3rd, 2014 - 02:58 GMT

Halal expansion: Zain Telecom secures $250 million islamic loan

New features of the device include dust and water resistance, and fingerprint and heartbeat scanners.
April 3rd, 2014 - 02:55 GMT

Take that, Apple: Samsung Galaxy S5 market price revealed

He said Saudi Arabia required at least 10 more universities within the next five years to meet the requirements of its growing population.
April 3rd, 2014 - 02:47 GMT

Quantity vs. quality: Saudi Arabia establishes 3 new public universities

ICT spending in the Middle East is expected to reach $211.1 billion this year
April 2nd, 2014 - 10:40 GMT

Middle East ICT spending to reach $211.1 billion in 2014

Compared to 2013, Dubai traders’ expectations grew 0.5 points in 2014 from 6.0 points
April 2nd, 2014 - 10:29 GMT

Dubai's commercial traders show positive outlook for the market in 2014

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