Intel's Missed Opportunity: Rejected $20 Billion Nvidia Acquisition in 2005

In 2005, Intel's board declined a proposal to acquire Nvidia, a decision that now highlights a significant strategic oversight.

Former Intel CEO Paul Otellini proposed acquiring Nvidia in 2005 for $20 billion, foreseeing the future importance of graphics chips.
The Intel board rejected the acquisition, partly due to its focus on x86 architecture and skepticism towards large mergers.
Nvidia's market value has since skyrocketed to over $3 trillion, positioning it as a leader in AI technology.
Intel's failure to diversify beyond x86 chips has contributed to its current financial struggles and competitive pressures.
Intel's missed acquisitions, including a stake in OpenAI, have compounded its strategic challenges over the years.