NVIDIA (NVDA) Collaboration summary

Opening remarks and agenda

• Announcement of a collaboration to jointly develop AI infrastructure, data center, and personal computing products, with leadership from both companies present for prepared remarks and Q&A.

• CEOs of both companies to hold a webcast press conference to discuss the partnership.

Objectives of the partnership

• Joint development of multiple generations of x86 CPUs and SoCs for data centers and PC products, tightly coupling Intel's CPUs with NVIDIA's AI and accelerated computing architecture.

• Aim to accelerate applications and workloads across hyperscale, enterprise, and consumer markets, redefining the PC experience.

• Focus on creating new growth opportunities in AI infrastructure and consumer markets.

Partner introductions and roles

• CEOs highlighted their long-standing relationship and mutual respect, emphasizing complementary strengths in AI and CPU technologies.

• Intel to design and manufacture custom x86 CPUs for NVIDIA's AI infrastructure platforms and build x86 SoCs integrating NVIDIA RTX GPU chiplets for PCs.

• NVIDIA to invest $5 billion in Intel common stock at $23.28 per share, subject to regulatory approvals.

• NVIDIA is also an investor in Intel, reflecting confidence in the partnership.