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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.
The Trump administration is in discussions to take a stake of about 10% in Intel Corp., a move that could see the US become ...
SoftBank is investing $2 billion in Intel, even as the White House is considering taking a 10% stake in chipmaker per reports ...
Money might not be the solution to Intel Corp.’s problems.
Shares in the chip maker rose following news of SoftBank’s planned investment and a possible stake for the U.S. government.
Intel Corporation sees a steep rally; speculation over U.S. stake and SoftBank investment fuels optimism, but can it overcome ...
The move is part of SoftBank's investing initiatives in the US, which also includes commitments towards AI computing. Intel, ...
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