Nvidia signs a record $20 billion deal for assets of Groq startup

Nvidia signs a record $20 billion deal for assets of Groq startup
NVIDIA Headquarter Santa Clara
Nvidia has agreed to acquire the assets of startup Groq for approximately $20 billion in cash. It is the largest deal in the company's history and strengthens its position in the AI inference and real-time segment

American chipmaker Nvidia has agreed to acquire the assets of startup Groq for about $20 billion in cash. This is the largest deal in the history of Nvidia and a significant step in expanding the company's capabilities in the field of artificial intelligence. It was reported by The Public with reference to CNBC.

According to Alex Davis, head of the Disruptive fund, who led Groq's latest round of funding, the agreement was reached quickly. Only three months ago, Groq raised $750 million at a valuation of about $6.9 billion. Investors in the round included BlackRock, Neuberger Berman, as well as Samsung, Cisco, Altimeter, and 1789 Capital.

Officially, Groq calls the deal a non-exclusive licensing agreement for inference technologies. Founder and CEO Jonathan Ross, company president Sunny Madra, and other top executives will join Nvidia to scale licensed solutions. At the same time, Groq says it will continue to operate as an independent company under the leadership of CFO Simon Edwards. The GroqCloud cloud business is not part of the deal and will continue to operate without interruption.

In a letter to employees, Nvidia CEO Jensen Huang noted that the integration of Groq's low-latency processors will expand the NVIDIA AI Factory architecture and enable it to serve a wider range of inference and real-time tasks. He emphasised that Nvidia is not acquiring Groq as a company, but only its intellectual property and team of specialists.

This is an unprecedented purchase for Nvidia. Previously, the largest deal was the acquisition of Mellanox in 2019 for almost $7 billion. As of the end of October, Nvidia had $60.6bn in cash and short-term investments, up from $13.3bn at the beginning of 2023, which made it possible to finance the deal.

Groq was founded in 2016 by Google execs, including Jonathan Ross, who was involved in the creation of TPU. The company was targeting revenues of around $500 million in 2025 amid growing demand for AI accelerators. The deal with Nvidia highlights a general trend of tech giants investing billions of dollars in talent and specialised AI solutions to maintain market leadership.

Фото: NVIDIA 

Share tittle
Economy
"Ukrnafta" is to build a new gas-fired combined heat and power plant with the support of the EBRD
Economy

"Ukrnafta" is to build a new gas-fired combined heat and power plant with the support of the EBRD

"Ukrnafta", in partnership with the European Bank for Reconstruction and Development, is preparing to build a modern combined-cycle gas-fired combined heat and power plant with a capacity of around 250 MW.

21.07.2026
The IMF has approved a $690 million tranche for Ukraine: the conditions
Economy

The IMF has approved a $690 million tranche for Ukraine: the conditions

The Executive Board of the International Monetary Fund has completed the first review of the four-year Extended Fund Facility programme for Ukraine. The decision paves the way for the immediate release of approximately $690 million.

21.07.2026
The cost of living in Ukraine: Getmantsev reveals the actual figure
Economy

The cost of living in Ukraine: Getmantsev reveals the actual figure

The real cost of living in Ukraine should be at least 11,000–12,000 hryvnias per month. However, there are currently no plans to raise it to this level in the near future due to the constraints on the state budget.

20.07.2026
Electricity tariffs from 1 August: how much will a kWh cost?
Economy

Electricity tariffs from 1 August: how much will a kWh cost?

From 1 August 2026, the electricity tariff for households will remain unchanged. Household consumers will continue to pay 4.32 hryvnias per kilowatt-hour, regardless of their monthly consumption.

20.07.2026
The National Bank has increased its foreign currency sales to over a billion dollars
Economy

The National Bank has increased its foreign currency sales to over a billion dollars

Between 13 and 17 July, the National Bank sold 1.074 billion dollars on the interbank foreign exchange market. This is 203.09 million dollars, or almost a quarter, more than the previous week.

20.07.2026
Science
Finance
PrivatBank has launched an important feature for sole traders: what is it all about?
Finance

PrivatBank has launched an important feature for sole traders: what is it all about?

PrivatBank has added a new service to its ‘Privat24’ all-in-one app. Entrepreneurs can now manage their finances, accounting and mandatory payments directly from their smartphone.

13.07.2026
New combat allowances for military personnel: the Ministry of Defence has explained who is eligible for the additional payments
Society

New combat allowances for military personnel: the Ministry of Defence has explained who is eligible for the additional payments

The Ukrainian Defence Forces have introduced an updated mechanism for calculating additional financial allowances for military personnel. The new rules set out which allowances are payable for different types of combat missions, who is eligible to receive them, and how participation in such missions will be verified

12.07.2026
The new 2,000-hryvnia banknote: when will it enter circulation and will it affect prices?
Society

The new 2,000-hryvnia banknote: when will it enter circulation and will it affect prices?

The National Bank of Ukraine has announced the expansion of its banknote series and the introduction of a new 2,000-hryvnia note into circulation. It will enter circulation on 4 September 2026

12.07.2026
Kharkiv is to receive €15 million from the EBRD to restore its district heating system
Finance

Kharkiv is to receive €15 million from the EBRD to restore its district heating system

The funds from the EU loan and grant will be used to purchase up to 22 modular gas-fired boiler houses with combined heat and power (CHP) units, as well as a further five CHP units for existing boiler houses.

19.06.2026
Ukrainians to receive financial assistance ahead of Independence Day: who will receive the money
Society

Ukrainians to receive financial assistance ahead of Independence Day: who will receive the money

In 2026, Ukraine expanded the list of citizens who will automatically receive a one-off cash payment ahead of Independence Day. Most recipients do not need to make a separate application to the Pension Fund

13.06.2026
Business