SoftBank Invests in Intel
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Intel is getting a $2 billion lifeline from SoftBank and could get more from the Trump administration. But that might not be enough to save the ailing chipmaker.
Japanese investment giant SoftBank has announced a substantial US$2bn investment in Intel, the major American semiconductor company. This move marks a significant vote of confidence for Intel, which has faced scrutiny, including pressure from U.S. political figures calling for the resignation of its CEO.
Below are major AI investments SoftBank has announced so far. On August 18, SoftBank announced a $2 billion equity investment in Intel, saying the deal reflected its belief that chip manufacturing and supply would expand further in the U.
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Cryptopolitan on MSNSoftBank’s $47B rally faces pause as charts signal overheated stock
SoftBank recently revealed plans to acquire a $2 billion (£1.5 billion) stake in Intel, driving the chipmaker’s shares up. However, Softbank’s stock dipped 5% on the same day. On the other hand, Intel’s stock rose by over 5% after-hours trading in New York on Monday.
Earlier this week, Foxconn Chairman Young Liu confirmed that SoftBank has acquired its Ohio plant to build new AI servers in the US. The transaction was
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