CNN Business | Nvidia will take a $5 billion stake in Intel, joining the US government as a major shareholder

Nvidia said on Thursday that it would buy $5 billion worth of Intel’s common stock, becoming another major shareholder in the beleaguered company just weeks after the US government took a roughly 10% stake.

The tech giant, which makes artificial intelligence chips, will pay $23.28 per share, it said in a joint press release. The purchase will give Nvidia around 4% or more of Intel after new shares are issued to complete the deal, Reuters reported.  –read more–