Nvidia (NVDA) won clearance from US antitrust regulators for its planned investment in Intel (INTC), according to a Federal Trade Commission notice, Reuters reported Friday.
Nvidia announced in mid-September that it would invest $5 billion in Intel as part of a collaboration to develop custom data center and personal computing products.
Nvidia and Intel did not immediately respond to requests for comment from MT Newswires.
Nvidia shares rose 3.3% in recent Friday trading, and Intel gained 3.5%.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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