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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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The plant, which will be located in Maan will have a total capacity of 10 megawatts
March 19th, 2014 - 08:55 GMT

Jordan: Kingdom signs $24m deal for solar-run power generation plant

Al Bawaba
March 19th, 2014 - 03:55 GMT

The one thing no one can get themselves to boycott: Facebook hires Israeli country manager

Al Bawaba
March 19th, 2014 - 03:55 GMT

Under-stimulated? Egypt's economy posts modest 1.2% growth

Analysts say Iran represents the best route for energy transfer in the region as this route is shorter and less costly than Russia, Turkey and China routes.
March 19th, 2014 - 03:55 GMT

Overly confident about its infrastructure capacities? Iran to resume 1997 oil swaps

A string of major project wins in the UAE, strategic expansions into new markets and timely acquisitions enabled construction major Arabtec to record a triple-digit growth rate (149 per cent over 2012) in net income for 2013.
March 18th, 2014 - 11:27 GMT

Profiteering off the region: Arabtec posts triple digit growth!

JLL said many of these investors were doing so with the purpose of “wealth preservation” rather than collecting “a trophy portfolio.”
March 18th, 2014 - 11:10 GMT

Sorry Dubai, sorry Beirut: real estate investors prefer to look West

Qatar’s successful World Cup bid has been extremely controversial from the very start, with the country facing numerous allegations.
March 18th, 2014 - 11:01 GMT

Where there is Qatar, there is scandal: FIFA executive allegedly bribed $1.2 million

Flydubai will offer daily service to Moscow starting in September targeting both business and leisure travellers (File Archive)
March 18th, 2014 - 02:00 GMT

Guess where Flydubai is heading in September!

Al Bawaba
March 18th, 2014 - 12:51 GMT

UAE teams up with the UK to launch new center for SME development

Al Bawaba
March 18th, 2014 - 09:55 GMT

Jordan: Kingdom to receive JD82m soft loan from Japan

GFCI 15 uses 25,441 financial center assessments completed by 3,246 financial services professionals.
March 18th, 2014 - 03:55 GMT

Is that why they're ganging up against it? Qatar retains top financial grade in the Gulf

Al Bawaba
March 18th, 2014 - 03:55 GMT

Dubai metro station to be transformed to 'art museum"

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