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On December 13, insiders well - versed in the situation revealed that Intel is deep in advanced discussions regarding the acquisition of artificial intelligence chip firm SambaNova Systems. The proposed deal is valued at around $1.6 billion (inclusive of debt), and there's a possibility that it could be finalized as soon as next month. In the past, both parties have inked a term sheet. However, the ultimate completion of this transaction remains contingent upon obtaining regulatory clearances and going through other necessary procedures. This kind of regulatory approval process is common in major business acquisitions, as governments often step in to ensure fair competition and safeguard public interests in such significant corporate moves.
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