Nvidia invests $5 billion in Intel and reaches chip partnership

Nvidia (NVDA.O) announced on Thursday that it will invest $5 billion in Intel (INTC.O) to support the struggling American chip foundry company, but did not grant Intel key chip manufacturing orders. The agreement also includes plans for Intel and Nvidia to jointly develop personal computer and data center chips, which could pose a potential risk to TSMC (TSM.N).