Market Chatter: Nvidia Backs Firmus Technologies in $10 Billion Data Center Financing

MT Newswires Live09-23 17:07

Nvidia (NVDA) is backing Australian artificial intelligence startup Firmus Technologies in negotiations for a roughly $10 billion financing package to acquire chips for a data center in Indonesia, Bloomberg News reported Wednesday, citing people familiar with the matter.

The potential transaction features about $7.5 billion in debt split between senior and mezzanine tranches, along with roughly $2.5 billion in equity, and the facility could have a five-year term, according to the report.

Nvidia would provide credit support and revenue sharing to help reduce repayment risks, Bloomberg reported.

Nvidia and Firmus Technologies 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.)

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