The Intel plant in  Leixlip, Co. Kildare. Collins Dublin.

The Intel plant in Leixlip, Co. Kildare. Collins Dublin.

Associated Press

Today at 14:24

Nvidia is to invest $5bn in Intel, throwing its heft behind the struggling company after the White House engineered a deal for the US government to take a massive stake in one of Ireland’s most significant employers.

Nvidia’s support represents a new opening for Intel after years of turnaround efforts at the famed US manufacturer failed to pay off. Intel shares surged 30pc in premarket action.