Nvidia licenses Groq’s inferencing chip tech and hires its leaders

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Summary

Nvidia has licensed inferencing IP from Groq and hired several Groq leaders, including founder Jonathan Ross and president Sunny Madra. The deal is structured as a non-exclusive license rather than an acquisition, which lets Nvidia access Groq’s technology without buying the company. The move may help Nvidia diversify its supply chain for AI chips and reduce exposure to scarce high-bandwidth memory. Groq continues as a separate company, with Simon Edwards taking over as its leader.

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Groq
$10M to $25M