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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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Iran sits on the world's second largest natural gas reserves after Russia (File Archive/Shutterstock)
March 13th, 2014 - 08:40 GMT

Iran-Oman meeting leads to new energy deal

2013 brought an improved financial outlook for the country's economy
March 13th, 2014 - 07:04 GMT

Is Bahrain on the brink? Manama facing 'budget deficit, inflation challenges'

The 180 million soft loan deal will be signed in Brussels on Tuesday (File Archive/Shutterstock)
March 13th, 2014 - 05:00 GMT

Jordan discusses soft loan option with EU

Al Bawaba
March 12th, 2014 - 03:00 GMT

MENA Women entrepreneurs in spotlight with release of "Arab Women Rising"

Al Bawaba
March 12th, 2014 - 01:55 GMT

An unlikely match? Germany invites Iran to partner with Berlin for int'l tourism stock fair

Al Bawaba
March 12th, 2014 - 01:00 GMT

Speedy Delivery! DHL boosts its Middle East operations

Al Bawaba
March 12th, 2014 - 11:00 GMT

Bahrain is bringing new business concept to UAE's bayside

The new law will provide new incentives and specialised training programmes to encourage more Emiratis to work in the country's booming tourism sector (File Archive)
March 12th, 2014 - 11:00 GMT

UAE Govt steps up to plate to promote more Emirati employment in thriving tourism sector

The final designs of the three railway stations would be ready later this month
March 12th, 2014 - 07:16 GMT

Jeddah seaport to have three rail stations

Transportation exports from the U.S., mainly in terms of Boeing-UAE airline deals, are behind the spike in bilateral trade between the U.S. and the UAE in 2013 (File Archive)
March 12th, 2014 - 06:30 GMT

U.S. exports to UAE rising...at least in this sector

Al Bawaba
March 12th, 2014 - 05:00 GMT

One sweet deal: Oman to award $65 billion in EPC contracts in next five years

Al Bawaba
March 11th, 2014 - 02:00 GMT

A ban worth billions: you won't believe how much Saudis spend on energy drinks every year

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