Intel once wanted to buy Nvidia for only $20 billion

Intel is a pioneer in the semiconductor industry. In 2005, the former CEO of Intel proposed to buy Nvidia for $20 billion. At that time, Nvidia was famous for its graphics cards for computers and had great potential in data centers.

However, Intel's board of directors did not approve the $20 billion deal. Instead, it was interested in an internal graphics project called Larrabee, led by current CEO Pat Gelsinger.

Nearly two decades later, Nvidia has become the world’s second-most valuable public company and continues to outperform investor expectations. Intel, on the other hand, has seen its stock fall 53% this year and is worth less than $100 billion, about 1/30th of Nvidia’s. In August alone, Intel’s stock fell 27% after its second-quarter revenue and earnings missed expectations.

After missing out on Nvidia, Intel also missed out on an opportunity when it decided not to buy shares of OpenAI. The reason given was that the former Intel CEO did not think OpenAI could launch generative AI models soon enough to be worth investing in.

Source: https://kinhtedothi.vn/intel-tung-muon-mua-nvidia-voi-gia-chi-20-ty-usd.html