Intel in Advanced Talks to Acquire AI Chip Startup SambaNova for $1.6 Billion
Intel Corporation is in advanced negotiations to acquire SambaNova Systems, an artificial intelligence chip startup based in Palo Alto, for approximately US$1.6 billion including debt. The transaction could be completed as early as next month, though terms and timing may still change.
Founded in 2017 by Stanford University professors, SambaNova develops custom AI chips designed to compete with leading GPU-based systems. The company was valued at around US$5 billion in a 2021 funding round. Intel CEO Lip-Bu Tan also serves as chairman of SambaNova, and his venture capital firm, Walden International, was one of its early investors.
While the discussions between the two companies are considered advanced, SambaNova has also signed term sheets with other potential investors and may explore alternatives to a sale. Both Intel and SambaNova have declined to comment on the ongoing talks.
We hope you enjoyed this article
Consider subscribing to one of our newsletters like Silicon Brief, AI Funding Brief or Daily AI Brief.
Also, consider following us on social media:
More from Data Centers
Oct 17 Anthropic Offers Blackstone Over 10% Yield in Chip Financing Deal Oct 17 BlackRock CEO Warns Data Center Construction Pause Could Trigger US Recession Oct 17 NVIDIA RTX Spark Laptops Go on Sale From $2,599 Oct 17 ADIPEC 2026 Receives More Than 1,200 AI and Digital Submissions Oct 16 EverWind Plans 420 Megawatt AI Data Centre in Nova ScotiaMore from Funding
Oct 17 Disney Plans $180 Million Package for Character.AI Hires Oct 17 Homa Raises $5 Million and Adds Mortgage Lending Oct 17 SoftBank Weighs $30 Billion Allied Universal Acquisition Oct 17 Solvera Raises $6.3M for AI Construction Engineering Oct 16 Anthropic Investor Valuation Falls to $1.5 TrillionAI Funding Brief
Industry analysis
2025 Global Business Services Agenda: Gen AI Takes Center Stage
This industry analysis by The Hackett Group explores the transformative impact of generative artificial intelligence (Gen AI) on global business services (GBS) in 2025. The study highlights the shift from exploration to acceleration of Gen AI initiatives, with 89% of executives advancing these projects to improve customer satisfaction, innovate products, and reduce costs. The report also discusses the challenges and strategies for successful Gen AI adoption, emphasizing the need for a technology-enabled operating model and the importance of reskilling the workforce.
Read moreYou may also like
SEMIFIVE signs $52 million AI accelerator contract
NVIDIA Weighs Further Reflection AI Investment or Acquisition
OpenAI Offered $100 Million to Hugging Face Before NVIDIA Deal
LG Innotek Targets $5.94 Billion in Semiconductor and Physical AI Businesses
SEMIFIVE and Mobilint Sign Robotics AI Chip Contract
Daily AI Brief: the AI news that matters, in your inbox.