Nvidia has announced a USD$5 billion investment in Intel. CEO Jensen Huang (黃仁勳) said the partnership could generate as much as USD$50 billion in annual business opportunities.

The companies will co-develop multiple generations of customized products for data centers and personal computers. For data centers, Intel will design x86-based central processors (CPUs) tailored for Nvidia. As for the PC segment, Intel will produce system-on-chips (SoCs) that integrate Nvidia’s graphics processors (GPUs) with its own CPU technology.

Huang and Intel CEO Lip-Bu Tan held a joint virtual press conference Thursday. Asked whether the Trump administration was involved, Huang said it was not but noted that he had informed U.S. Commerce Secretary Howard Lutnick earlier in the day. Huang said Lutnick was very excited and strongly supportive of the collaboration between the two U.S. tech companies.

Pressed about Intel’s foundry progress, the possibility of providing contract manufacturing for Nvidia, and whether the deal would affect its ties with TSMC, Tan said only that Intel would continue improving yields and performance. He stressed that TSMC remains a key partner and that cooperation will continue.

According to The Wall Street Journal, those familiar with the matter said wafer production for the CPUs will still be handled primarily by TSMC before being sent to Intel’s foundry for packaging.