Intel gets $5 billion lifeline from Nvidia, 20 years after saying no to $20 billion deal
Twenty years after Intel rejected buying Nvidia for $20 billion, the roles have completely flipped: Nvidia is investing $5 billion in its struggling former takeover target and rescue Intel through a strategic chip partnership. The deal announced Thursday sees Nvidia purchasing Intel stock at $23.28 per share—a 6.5% discount—while the companies collaborate on PC and…