US EditionIntel Nearing $1.6B Deal to Buy AI Chip Startup (INTC)
8 Articles
8 Articles
[Digital Daily Reporter Kim Moon-ki] Intel has entered final negotiations to acquire artificial intelligence (AI) chip startup SambaNova Systems. The deal is valued at approximately $1.6 billion, including debt, and a deal could be signed as early as next month. According to Bloomberg and other foreign media reports on the 13th (local time), the acquisition discussions have not yet been officially disclosed, and the terms and timing are subject …
Intel looks to buy SambaNova for $1.6B in as it plays catch up in AI
Facing intense pressure from rivals dominating the AI hardware market, Intel is reportedly in advanced discussions to acquire SambaNova Systems for about $1.6 billion, including debt. The talks could wrap up in the coming weeks, though no agreement has been finalized, reports Bloomberg. The potential deal is notable not only for its size but also because Intel CEO Lip-Bu Tan has longstanding ties to the startup. The acquisition effort comes as I…
According to several US reports, the deal is almost complete: Intel wants to buy the start-up for AI chips completely.
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