According to xbitlabs.co , Intel has had discussions with the intent of possibly purchasing large chip maker Nvidia. The reports claim Jen...
According to xbitlabs.co, Intel has had discussions with the intent of possibly purchasing large chip maker Nvidia.
The reports claim Jen-Hsun Huang, the CEO of Nvidia, would become the head of the new merged company.
Huge companies, such as Intel and Nvidia, usually meet with each other to discuss potential collaborations, strategic unions, cooperation or even mergers and acquisitions. For example, after Advanced Micro Devices acquired ATI Technologies in 2006, Intel proposed to acquire Nvidia. The companies held a number of meetings, but Nvidia refused the take-over, just like it rejected acquisition by AMD earlier that year as it wanted Jen-Hsun Huang to become the chief executive officer of the new company. Intel then proposed Nvidia to license its GeForce graphics cores and integrate them into Core i-series “Ivy Bridge” and “Sandy Bridge” processors, which Nvidia also turned down.
Intel's long-time CEO, Paul Otellini, will retire next May, and the company has been looking for a successor. Jen-Hsun Huang is a successful executive and has tons of experience in the industry, making him an ideal candidate.
Intel is a $100 billion company and Nvidia is worth about $8 billion, making a deal certainly feasible.
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