SoftBank invests $2B in Intel to strengthen US chip innovation
SoftBank has agreed to purchase $2 billion worth of Intel common stock at $23 per share, signaling renewed confidence in the US chipmaker. The investment aims to deepen collaboration between the companies and bolster efforts in American semiconductor development. This move follows Intel’s push to reclaim leadership in chip manufacturing and meet growing AI and computing demands. The deal is contingent on standard closing conditions.
A major endorsement for Intel, the investment highlights increased global interest in US semiconductor capabilities amid rising AI and geopolitical tech competition.
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