Market Chatter: Intel Close to Buying AI Chip Startup SambaNova for Around $1.6 Billion

MT Newswires Live12-15

Intel (INTC) is in late-stage discussions to buy AI chip startup SambaNova Systems for roughly $1.6 billion, including debt, Bloomberg News reported Saturday, citing people familiar with the matter.

The potential deal could be reached as soon as next month, while the pricing, structure, and timing are still subject to change, the news outlet reported.

SambaNova has also reportedly signed term sheets with other potential financial backers and could choose a different route.

Intel Chief Executive Lip Bu Tan is chairman of SambaNova, the media outlet reported.

Intel and SambaNova Systems did not immediately respond to MT Newswires' request for comment.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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