Nvidia agrees to buy chip startup Groq’s assets for $20 billion: Reports

Chipmaker Nvidia will acquire assets from chip startup Groq for approximately $20 billion in cash, according to media reports. This will be the company’s largest transaction ever as it moves to dominate the AI hardware market. The deal will bring Groq’s specialised inference chip technology and top engineering talent under Nvidia’s wing. The startup will continue to operate independently.

Deal details

Under the arrangement, Groq founder and CEO Jonathan Ross, who was with Google’s Tensor Processing Unit, will join Nvidia along with president Sunny…