Nvidia acquires Groq assets for $20 billion, officially stating it has not acquired the entire company

PANews, December 25—According to CNBC, Nvidia has agreed to acquire all assets (excluding its GroqCloud business) of AI chip startup Groq for approximately $20 billion in cash, marking its largest acquisition to date. Groq, founded by a core developer of Google TPU, specializes in low-latency AI inference chips. Although Groq claims it has reached a “non-exclusive technology licensing agreement” with Nvidia, its founder and CEO Jonathan Ross and the executive team will join Nvidia, while Groq’s CFO Simon Edwards will become the new CEO and continue to operate independently. Nvidia emphasized that it has not acquired the entire Groq company, but will integrate its low-latency processor architecture into its AI platform.