ReferIndia News $20 billion, all cash! Inside Nvidia's biggest Christmas shopping spree ever to acquire Trump Jr-backed AI chip maker

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$20 billion, all cash! Inside Nvidia's biggest Christmas shopping spree ever to acquire Trump Jr-backed AI chip maker

Published on: Dec. 25, 2025, 7:18 a.m. | Source: Livemint

Under the deal, Nvidia will buy Groq's every asset excluding its nascent Groq cloud business, which will continue to operate “without disruption”, the startup which makes AI accelerator chips said in a blog post, without giving the financial details of the transaction.

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