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Intel Gains $2 Billion Investment From SoftBank to Revive US Chipmaking
The investment will make SoftBank Intel’s fifth biggest investor, with the conglomerate paying $23 per share of Intel common stock. Lip-Bu Tan, Intel’s CEO, said in a statement that he “appreciate (s) the confidence (SoftBank) has placed in Intel with this investment.”
Shares in the chip maker rose following news of SoftBank’s planned investment and a possible stake for the U.S. government.
SoftBank is investing $2 billion in Intel, even as the White House is considering taking a 10% stake in chipmaker per reports ...
Intel scores $2B investment from Japan's SoftBank, shares jump. Sinclair reportedly offers to merge broadcast TV operations ...
The move is part of SoftBank's investing initiatives in the US, which also includes commitments towards AI computing. Intel, ...
US Commerce Secretary Howard Lutnick said Tuesday that chipmaker Intel should give the government an equity stake in the company in exchange for grants earlier committed by former president Joe ...
Intel is in talks with other large investors to receive an equity infusion at a discounted price, CNBC reported on Wednesday, ...
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