Intel and Nvidia announce a huge partnership to jointly develop multiple generations of consumer CPU and data center products. Nvidia is also investing $5 billion in Intel.

Neither Intel nor Nvidia have said exactly when the first fruits of its co-designed integrated CPUs will ship. But the thinking right now seems to be that it might a take a few years. Nvidia announced a $5 billion investment into Intel last week,

NVIDIA just shook up the semiconductor world by dropping $5 billion into Intel, buying a 4.9% stake at $23.28 per share. This isn’t just about money—both companies are teaming up to co-develop future processors and GPUs.

On Thursday, Intel and Nvidia announced a major partnership that shook up the chip market and a number of stocks. But Apple—and Apple fans—shouldn’t start freaking out. The deal is pretty simple. First, Nvidia will buy $5 billion worth of Intel common stock. That alone sent Intel’s stock soaring.

Nvidia is investing $5 billion into Intel and partnering to integrate RTX chiplets on consumer and AI processors.

In an announcement that surprised everyone, NVIDIA is investing $5 billion in Intel to develop new x86 chips with built-in RTX GPUs.