Japan’s SoftBank to invest US$2 billion in Intel
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SoftBank said the deal reflects its belief in the expansion of U.S. semiconductor manufacturing, with Intel expected to play a critical role. CEO Masayoshi Son previously held tal
Shining a Spotlight on Intel Intel (NASDAQ:INTC) has emerged from the shadows of its semiconductor rivals, capturing the attention of investors and policymakers alike. After years of struggling to keep pace with competitors like Nvidia (NASDAQ:NVDA) and Taiwan Semiconductor Manufacturing (NYSE:TSM),
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Benzinga on MSNIntel Secures $2 Billion SoftBank Backing, Making Conglomerate Fifth-Largest Shareholder As Stock Climbs In Extended Trading
Intel gained a major backer Monday after SoftBank committed $2 billion for a roughly 2% stake, according to CNBC. SoftBank agreed to buy Intel shares at $23 each, slightly below Monday’s $23.66 closing price.
The potential deal would convert the CHIPS ACT grants into equity, but wouldn't come with governance rights in Intel, Lutnick said.