After an injection of fresh capital from rival Nvidia, here's a look at who else is backing the crisis-hit chipmaker
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Nvidia $NVDA plans to take a $5 billion stake in rival chipmaker Intel $INTC as the two tech companies have agreed to co-develop data center and personal computer chips.
“This historic collaboration tightly couples NVIDIA’s AI and accelerated computing stack with Intel’s CPUs and the vast x86 ecosystem — a fusion of two world-class platforms. Together, we will expand our ecosystems and lay the foundation for the next era of computing,” Nvidia CEO Jensen Huang said in a statement.
Intel stock soared 23% on Thursday morning. Nvidia stock rose about 2%.
The injection of fresh capital offers a much-needed lifeline to the crisis-hit chipmaker. Its share price has fallen by more than a third since the end of 2023. The U.S.-based company, once the darling of chip manufacturing, has fallen from glory after years of management mishaps, leaving it late to the AI boom. Its rival AMD $AMD has been growing its share of PC and semiconductor chips - Intel's mainstay markets.
Amid the latest flurry of investments, here's a look the investors betting most on the chipmaker's return to grace.
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The U.S. Government is now Intel $INTC's single largest investor as of August 23, after it acquired a 9.9% stake via a $8.9 billion investment in the company, tied to CHIPS Act funding.
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The asset manager is the single-largest institutional holder of Intel $INTC stock, owning about 8.4% of its shares as of June 30, valued at $9.86 billion according to current prices. BlackRock $BLK has upped its holdings from 7.6% as of January 2021.
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The second-largest institutional holder owning about 8.3% of shares, as of June 30, worth around $9.75 billion at current market prices.
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The third-largest institutional holder with around 4.38% of shares, as of June 30, worth about $5.15 billion at current market prices.
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Nvidia $NVDA became Intel $INTC’s fifth largest shareholder today, after investing $5 billion in the company, acquiring a 4% stake.
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Next is Swiss asset manager UBS with 2.3% of shares as of June 30, equal to around $2.7 billion at current market prices.
Geode Capital Management, Public domain, via Wikimedia Commons
The Boston-based asset manager closely follows with a 2.1% stake as of June 30, worth $2.47 billion at current market prices.
On August 19, SoftBank Group announced an investment of $2 billion, acquiring just under a 2% stake, which makes it Intel $INTC’s eighth‐largest shareholder.
