Intel and SambaNova: Acquisition Talks Gain Momentum

Intel Progressing in Talks to Acquire SambaNova

Intel (INTC) is making significant steps toward reaching an agreement to acquire SambaNova Systems, which focuses on artificial intelligence chips. According to reports from Wired citing anonymous sources, a binding preliminary agreement has been signed between the two companies. However, it has been noted that regulatory approvals and detailed audits are still ongoing before the process can be completed.

Potential Acquisition Price and Historical Connections

The potential agreement between the two companies has been on the agenda since October. If this acquisition takes place, it is estimated that the price will be less than the $5 billion set during the last investment round in 2021. Additionally, Intel’s CEO, Lip Bu-Tan, serving as the chairman of SambaNova’s board further strengthens the ties between the two companies.

SoftBank's Role and Future Expectations

One of the historical ties between the two companies is the investments made by Intel Capital. SoftBank (SFTBY) provided funding to both Intel and SambaNova last year, creating an important foundation for a potential strategic partnership between the two firms in the future.

While there is currently no specific timeline for the progress of the process, investors are eagerly anticipating the impact of this agreement on the industry and the results of the collaboration between these two major tech giants in the artificial intelligence field.