<h1>Leading chipmaker to buy $5B of rival's stock at $23.28, forming AI data-center and PC partnership</h1> One leading chipmaker will invest USD 5 billion to buy common stock of another major semiconductor company at USD 23.28 per share, subject to regulatory approvals, and the parties will collaborate on AI data-center infrastructure and personal-computer products. The transaction constitutes a significant securities purchase and strategic alliance that may trigger competition and national-security reviews given its potential to integrate AI-acceleration technology with dominant x86 CPU ecosystems. The deal materially moved markets, boosting the target's share price; parties will need to obtain required approvals and address any regulatory concerns before closing.