Latham & Watkins Advises NVIDIA on US$5 Billion Investment in Intel

NVIDIA (NASDAQ: NVDA) and Intel Corporation (NASDAQ: INTC) announced a collaboration to jointly develop multiple generations of custom data center and PC products that accelerate applications and workloads across hyperscale, enterprise, and consumer markets. NVIDIA will invest US$5 billion in Intel’s common stock at a purchase price of US$23.28 per share. The investment is subject to customary closing conditions, including required regulatory approvals.

Latham & Watkins LLP advised NVIDIA in the transaction with a corporate deal team led by Bay Area partners Josh Dubofsky and Saad Khanani, Orange County partner Drew Capurro, and Bay Area counsel Arielle Singh, with associates Peter Bassine and Ryan Sanders. Advice was also provided on antitrust matters by Bay Area partner Joshua Holian, Brussels partner Tomas Nilsson, and Hamburg partner Jana Dammann, with associates Hanna Nunez Tse and Bernie Archbold.