NVIDIA (Nvidia) announced on Thursday (18th) that it has invested $5 billion in Intel and plans to jointly develop chips for PC and data centers, attracting industry enthusiasm.
Tianfeng International Securities analyst Guo Mingchi believes that Taiwan Power's advanced production process and AI chip orders have not been affected for several years. It mainly observes the market share and order changes of PC, GPU, x86 server and Internet customers, but overall the risk is controllable.
Mingchi Guo released the key analysis of NVIDIA's investment in Intel's $5 billion industry trend:
1. Taiwan Power: Advanced processing and AI chip orders are not affected for several years. They mainly observe the market share and order changes of PC, GPU, x86 server and Internet customers, but overall the risk is controllable. See in detail:
Taiwan Electric's advanced process advantages are expected to last until at least 2030. Nvidia's cooperation with Intel will not easily change this trend. AI chips need to be processed first, and Telco's AI chip orders will not be affected. This investment may change the market share of Nvidia and Intel competitors in the future (such as AMD's PC, GPU and x86 server chips, Broadcom's Internet chips, etc.), and thus affect the order of NTD. However, considering that Nvidia and Intel will continue to invest in Taiwan, the network products do not use the most advanced processes, so the risk is relatively low for Taiwan's computers, so the risk is controllable overall.2. Nvidia's cooperation with Intel is expected to define AI PCs and accelerate its development. For Nvidia, it is highly uncertain to develop Windows on ARM processors by itself; for Intel, it is difficult to quickly improve competition in the GPU field; the cooperation between the two (CPU+GPU) is expected to form strong effects and advantages in PC ecosystems.
3. It also has high efficiency on x86/medium and low-level/recommended AI servers. Enterprises built their own x86/middle-middle-level/recommended AI servers are the key trends in the future. Intel has x86 server enterprise customers and channel resources; Nvidia has technical advantages (AI chips, NVLink, CUDA, etc.); if both parties highly integrate technology and sales advantages, they will have the opportunity to benefit greatly from large potential demand.
Analysis of the key trends of Nvidia's investment in Intel's $5 billion industry investment
1, Nvidia's cooperation with Intel is expected to define AI PCs and accelerate its development For Nvidia, it is highly uncertain to develop Windows on ARM processors by itself; for Intel, it is difficult to quickly improve competition in the GPU field. The cooperation between the two (CPU + GPU) is expected to form strong effects and advantages in PC ecosystem.
2. Use AI in x86/medium and low level/recommended…
—Ming-Chi Kuo (@mingchikuo) September 18, 2025