Intel gets $2 billion from SoftBank
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Shares in the chip maker rose following news of SoftBank’s planned investment and a possible stake for the U.S. government.
Intel shares rose after SoftBank Group announced a $2 billion equity investment, while reports suggest the Trump administration is weighing a separate plan to a
SoftBank Group Corp. agreed to buy $2 billion of Intel Corp. stock, a surprise deal to shore up a struggling US name while boosting its own chip ambitions.