Home Politics Nvidia to invest up to $3 billion in Lancium, the...
Politics

Nvidia to invest up to $3 billion in Lancium, the Information reports

Nvidia to invest up to $3 billion in Lancium, the Information reports
Key Points

Nvidia to invest up to $3 billion in Lancium, the Information reports (Corrects paragraph 1 to remove garble) Aug 7 : Nvidia will invest up to $3 billion in Blackstone backed power infrastructure developer Lancium, the company behind Stargate, the Information reported on Friday. Nvidia will get a 20 per cent stake in Lancium for the first $2 billion investment, and its stake could grow to an additional $1 billion if Lancium hits certain thresholds, the report said, citing people familiar...

Nvidia to invest up to $3 billion in Lancium, the Information reports (Corrects paragraph 1 to remove garble) Aug 7 : Nvidia will invest up to $3 billion in Blackstone backed power infrastructure developer Lancium, the company behind Stargate, the Information reported on Friday. Nvidia will get a 20 per cent stake in Lancium for the first $2 billion investment, and its stake could grow to an additional $1 billion if Lancium hits certain thresholds, the report said, citing people familiar with the matter. Nvidia and Lancium did not immediately respond to Reuters requests for comment.
Nvidia (ORG) Lancium (LOCATION) Information (ORG) Blackstone (ORG) Stargate (ORG)
Originally published by Channel News Asia Read original →