The White House has issued a statement acknowledging a recent agreement where Nvidia, a leading graphics processing unit (GPU) manufacturer, will become a substantial shareholder in Intel. The deal, facilitated following a meeting between Nvidia’s CEO and President Donald Trump, represents a significant investment in Intel’s technology sector. Nvidia’s investment will provide strategic support and bolster Intel’s position in the rapidly evolving semiconductor market. The specific terms of the agreement remain confidential, but sources indicate it is focused on bolstering Intel’s product offerings and market share in key areas like artificial intelligence.
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