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

What You Need To Know

Nvidia announces a new partnership with Intel to work on custom data centers and personal computer products

Nvidia is also investing $5 billion in Intel's common stock, and the deal is subject to regulatory approvals

This agreement provides a lifeline for Intel, which has struggled after missing the shift to mobile computing

Intel has fallen behind amid the artificial intelligence boom that has propelled Nvidia into becoming the world's most valuable company

Nvidia and Intel will team up to work on custom data centers that form the backbone of artificial intelligence infrast

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