According to sources familiar with the matter, Intel is nearing a deal to acquire AI chip startup SambaNova Systems, with both parties having signed a term sheet. However, the finalization of the deal will still take time as regulatory approvals, liability reviews, and due diligence have not yet been completed. Reports on this potential deal first emerged in October, and if concluded, the deal amount would be below SambaNova's $5 billion valuation in its most recent funding round in 2021.
