Market Chatter: Intel to Invest Additional $15 Million in SambaNova

MT Newswires Live04-02 16:09

Intel (INTC) plans to invest an additional $15 million in chip startup SambaNova, which is chaired by Intel Chief Executive Lip-Bu Tan, Reuters reported Wednesday, citing corporate records.

The investment, if approved by regulators, would lift Intel's ownership of SambaNova to 9%, according to the report.

Intel and SambaNova didn't immediately reply to MT Newswires' requests for comment.

Intel shares were down 2.7% in premarket activity Thursday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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