Why did Nvidia acqui-hire Groq? - zach's tech blog

On December 24th, the semiconductor industry got an early Christmas present with the announcement that Nvidia was acquiring Groq. The CNBC article breaking the story originally read: Within the hour, Groq made their own announcement: Instead of talking about an acquisition, Groq described a non-exclusive licensing agreement in which key Groq executives and engineers joined Nvidia, but Groq continued as an independent company. Shortly afterwards, the CNBC story was updated to reflect this reality. Groq also didn’t mention the $20B number anywhere in their announcement, and Nvidia has yet to make any public comment. However, I’ve since gotten independent confirmation from an anonymous source with knowledge of the deal that it was, in fact, worth $20B. It’s not a good look that startups are getting gutted in weird reverse-acqui-hire deals that strip key talent and technology without necessarily bringing all of the employees along for the ride. But I’m not an expert on M&A regulations, and

On December 24th, the semiconductor industry got an early Christmas present with the announcement that Nvidia was acquiring Groq. The CNBC article breaking the story originally read: Within the hour, Groq made their own announcement: Instead of talking about an acquisition, Groq described a non-exclusive licensing agreement in which key Groq executives and engineers joined Nvidia, but Groq continued as an independent company. Shortly afterwards, the CNBC story was updated to reflect this reality. Groq also didn’t mention the $20B number anywhere in their announcement, and Nvidia has yet to mak