- It seems like the former CEO of Intel had plans to buy Nvidia for $20 billion in 2005.
- However, the same company is now worth nearly $3.5 Trillion, while Intel is below $100 billion.
- Had Intel gone through this acquisition, the tech industry might not have been the same.
Nvidia is one of the biggest Tech companies in the world right now. In fact, it is the second on the list, falling just behind Apple in competition but ahead of Microsoft. The company just recently beat its previous record and is now worth more.
Nvidia is evaluated at nearly 3.5 trillion, so it could surpass Apple shortly with the RTX 50 Series. However, some information from the past has appeared, and it seems like the former CEO of Intel wanted to buy this company in 2005 for $20B.
Why it matters: Nvidia is the second largest tech company in the world right now, so if Intel had bought it back then, the tech industry might not be the same today.
As reported by the New York Times, Paul Otellini, the chief executive of Intel, presented the board with the idea of buying Nvidia for $20 billion in 2005.
Paul Otellini, Intel’s chief executive at the time, presented the board with a startling idea: Buy Nvidia, a Silicon Valley upstart known for chips used for computer graphics. The price tag: as much as $20 billion.
While Otellini presented the board members with this deal, they weren’t really big fans of it and didn’t bend a knee. Two spokespersons who seemingly told NYT about this incident that happened nearly 2 decades ago shared this information.
This makes sense, as this acquisition would have been way too costly at the time. However, the difference between these companies is now way too great. One is evaluated to be worth nearly $3.5 trillion, and the other is below $100 billion.
What do you think of the former CEO’s plan to buy the company in 2005? Do you think it would have been a good choice? Let us know your thoughts in the comments section below or join the Tech4Gamers’ official forums.
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[News Editor]
Obaid is pursuing a Law degree while working as a content writer. He has worked as a gaming writer for over three years because of his passion for the medium and reporting the latest updates in the industry. Having played hundreds of games, Obaid finds himself coming back to Elden Ring, Cyberpunk 2077, and Red Dead Redemption 2, with these games being among his favorites. He has also been mentioned on highly regarded websites, such as Wccftech, Metro UK, PS Lifestyle, GamePressure, VGC, and Gamespot.
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