Nvidia, the world's leading chipmaker, announced on Thursday that it's investing $5 billion in Intel and will collaborate with the struggling semiconductor company.

Nvidia said it will spend $5 billion to buy Intel common stock at $23.28 a share. The investment, which is subject to regulatory approvals, comes a month after the U.S. government took a 10% stake in Intel.

Nvidia CEO Jensen Huang called it “a fusion of two world-class platforms” that combines Intel's strength in making conventional computer chips, known as CPUs, that power most laptops, with Nvidia's focus on the specialized graphics chips that are critical for artificial intelligence.

“This partnership is a recognition that computing has fundamentally changed,” Huang told reporters Thursday. “The era of accelerated and AI

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