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Intel to buy nVidia?
Posted on Thursday, 5 October 2006 by Speed, source: Arstechnica
Ever since AMD's takeover of ATI, rumours have been flying around that Intel may do a very similar thing with ATI's biggest competitor, nVidia.
Arstechnica today is reporting that nVidia's shares have surged 8% due to the fact that rumours of a takeover are rising
I guess we'll know pretty soon whether or not an acquisition is going to happen. Either case, Intel has been on a cost cutting spree lately so that can point to two things: trying to liberate cash for an acquisition OR they don't have money available for one even if they would be interested in doing it :)
Arstechnica today is reporting that nVidia's shares have surged 8% due to the fact that rumours of a takeover are rising
Shares in NVIDIA Corporation surged nearly 8 percent today amid speculation that the graphics card company was about to be purchased by chip giant Intel. The stock rose $2.32 to hit $30.62 in afternoon trading on the NASDAQ exchange. An Intel spokeswoman declined to comment on the rumors, and there has been no statement from NVIDIA on the subject
I guess we'll know pretty soon whether or not an acquisition is going to happen. Either case, Intel has been on a cost cutting spree lately so that can point to two things: trying to liberate cash for an acquisition OR they don't have money available for one even if they would be interested in doing it :)
In other news:
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