The terms of the deal have not been disclosed

Announcements were made at the first Intel Foundry Direct Connect in San Jose, California

Latest signal the company is looking to reduce its reliance on Nvidia

New protocol can reportedly offer the exact same level of synchronization with a lot fewer resources consumed

Neither company has given a reason for the closures, despite the Chinese government designating the technology a strategic priority

The updated model outperforms its predecessor on 87 percent of internal benchmarks

Alongside Nvidia GPUs

Settlement reached on day closing arguments were due to be heard

The appointment is the second stint for Oliver Parker at Google Cloud

Trial is expected to last two weeks

Adds $5bn to its valuation