Nvidia spent over $900 million to hire Enfabrica CEO, license technology, CNBC reports
By
Binu Mathew
Nvidia has spent over $900 million to hire Enfabrica CEO Rochan Sankar and other staff at the artificial intelligence hardware startup and to license the company’s technology, CNBC reported on Thursday.
The AI chip giant is paying in cash and stock, CNBC said, citing two people familiar with the arrangement. The deal closed last week and Sankar has already joined Nvidia.
