M&A
Nvidia buys inference-chip rival Groq in a ~$20B deal
Nvidia agreed just before Christmas 2025 to acquire Groq, the LPU inference-chip company founded by TPU architect Jonathan Ross, in a deal reported at about $20B, its largest ever, taking a dedicated inference architecture in-house as low-latency token serving became the battleground. Groq had been valued at $6.9B in September 2025.
