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 AI Funding Brief, Silicon Brief or Daily AI Brief.
Also, consider following us on social media:
More from Funding
Sep 19 Mantic Raises $25 Million for AI Forecasting Sep 19 Vantora Secures More Than $100 Million From Silversmith Sep 19 I-care Acquires Amiral Technologies for Predictive Maintenance AI Sep 19 Pearson Acquires Internet Testing Systems Sep 19 Darkroom Acquires Shadow and Opens AI Marketing WorkspaceMore from Data Centers
Sep 19 Virginia Proposes Data Center Rules and Creates AI Task Force Sep 19 House Passes Bill to Shield Ratepayers From Data Center Power Costs Sep 19 Laminar Joins L'Oreal Sustainability Accelerator Sep 19 Dnotitia Begins Testing VDPU ASIC Samples Sep 19 Nscale Files for US Initial Public OfferingAI 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
iPronics Raises $125 Million for Optical AI Data Center Networking
Broadcom AI semiconductor revenue reaches $16.7 billion
Infineon Acquires C2i Semiconductors for AI Data Center Power Management
Samsung and Mistral Partner on AI for Chip Operations
Qualcomm and Amazon to Develop Custom Silicon for AI Data Centers
Daily AI Brief: the AI news that matters, in your inbox.