Nvidia has announced a $5 billion investment in Intel to bolster the struggling U.S. chip foundry, though it has not yet awarded Intel any major chip manufacturing contracts. The agreement includes plans for the two companies to jointly develop chips for PCs and data centers, which could challenge Taiwan Semiconductor Manufacturing Co. (TSMC), currently responsible for producing Nvidia's flagship processors. This collaboration may also impact Advanced Micro Devices, a competitor of Intel in the data center chip market, as Nvidia's support could strengthen Intel's position.