[NVIDIA's $20 Billion Acquisition of Groq Assets Does Not Include Entire Company] NVIDIA has agreed to acquire all assets of AI chip startup Groq for approximately $20 billion in cash, excluding its GroqCloud business. This marks NVIDIA's largest acquisition to date. Groq, founded by the core developer of Google's TPU, specializes in low-latency AI inference chips. Although Groq stated that the agreement between the two parties is a "non-exclusive technology licensing agreement," its founder and CEO Jonathan Ross, along with the executive team, will join NVIDIA, while Groq CFO Simon Edwards will take over as CEO. Groq will continue to operate independently. NVIDIA emphasized that this transaction is not a complete acquisition of Groq as a company but rather an integration of its low-latency processor architecture into NVIDIA's AI platform.