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There's nothing normal at all about the Nvidia Groq deal, it's hard to read in terms of what it means. A straight licensing deal would have been easier to ingest.

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I could be completely off the mark but I thought the non-exclusive license was necessary because Groq’s datacenter business uses the technology already? Nvidia acquired the assets but Groq needed to retain rights to use the technology for their own product.

They could have sold the IP then licensed it back. The nonexclusive part was purely a fig leaf to dodge antitrust.

The deal was probably structured the way it was due to concerns over regulatory approval.

These 'we get your executives' type of deals - aka Windsurf - are new, weird thing in M&A.

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