NVIDIA Closes $5B Intel Stock Purchase Under September Deal

Intel disclosed that it has completed the previously announced sale of $5.0 billion in Intel common stock to NVIDIA, strengthening a partnership aimed at co-developing future data-center and PC products.

In its filing, the transaction closed on December 26, 2025, when it issued and sold 214,776,632 shares to NVIDIA for $5.0B in cash, equal to $23.28 per share.  The sale was executed under a Securities Purchase Agreement dated September 15, 2025, and structured as a private placement relying on the Section 4(a)(2) exemption (i.e., not a public offering).

NVIDIA CEO Jensen Huang described AI as the driving force behind a broad reinvention of the computing stack, from silicon through systems and software, with NVIDIA’s CUDA platform at its core. He said the collaboration tightly integrates NVIDIA’s AI and accelerated computing technologies with Intel’s CPUs and the broader x86 ecosystem, combining two major platforms to expand their respective ecosystems and help define the next phase of computing.

What the September deal included (beyond the equity investment)

In the September announcement referenced in Intel’s 8-K, NVIDIA and Intel said they plan to use NVIDIA NVLink to “seamlessly” connect their architectures.

Key elements included:

• • Data centers: Intel plans to develop NVIDIA-custom x86 CPUs designed to integrate into NVIDIA’s AI infrastructure platforms, with NVLink used to tightly couple CPU and GPU architectures.
  • Client PCs: Intel plans to build x86 SoCs integrating NVIDIA RTX GPU chiplets, signaling a more modular, co-designed approach to high-performance personal computing.

The emphasis across both segments was on seamless interconnect, performance-per-watt gains, and platform-level optimization, rather than discrete component pairing. The transaction was subject to customary regulatory review, including Hart-Scott-Rodino (HSR) requirements. According to the U.S. Federal Trade Commission’s early-termination notice, the NVIDIA–Intel transaction was cleared on December 18, 2025. Media reports also confirmed U.S. antitrust approval ahead of closing.

Why this matters for engineering and procurement teams

This partnership signal that two of the industry’s most important platforms are planning tighter CPU–GPU coupling across AI infrastructure and client PCs. If the roadmap described in the September release progresses, buyers should expect:

• • More platform-specific configurations (CPU + GPU + interconnect choices becoming more bundled in qualification cycles).
  • New sourcing and lifecycle questions as “co-designed” parts enter planning (lead times, validation windows, second-source strategy).
  • Contract and forecasting shifts if performance-per-watt and system integration drive more of the BOM decision-making.