NVIDIA Corporation to acquire Hugging Face, Inc.

NVIDIA Corporation has agreed to acquire Hugging Face, Inc. in a strategic transaction valued at 11.9 billion US dollars. The deal was announced on 2 September 2026 and involves consideration structured as a combination of cash and an earn-out component. Both the acquirer and the target are based in the United States, operating within the technology sector. This acquisition represents a significant move for NVIDIA, which is headquartered in the US, to integrate Hugging Face into its portfolio. The reported headline offer reflects the total value of the proposed transaction.

The current status of the deal is recorded as firm intention, indicating a strong commitment from the parties involved. No completion date has been reported for this transaction. The structure of the payment, including the earn-out element, suggests that part of the final consideration may depend on future performance metrics. As of the announcement, the deal remains subject to standard regulatory approvals and other customary closing conditions. The technology sector continues to see substantial activity, with large corporations seeking to expand their capabilities through such acquisitions. This specific deal highlights the ongoing consolidation within the US technology market.