US EditionIntel is getting a $2 billion investment from SoftBank
SoftBank invests $2 billion at $23 per share to support Intel CEO Lip-Bu Tan's turnaround amid Intel's technological challenges and restructuring efforts.
- On Monday after markets closed, SoftBank revealed a $2 billion deal to purchase Intel shares at a price of $23 each.
- The investment follows Intel's ongoing restructuring under CEO Lip-Bu Tan, who took over in March and aims to revitalize the company despite challenges.
- As part of its strategy to develop AI data facilities in the U.S., SoftBank acquired a manufacturing plant in Lordstown, Ohio, which was previously operated by Foxconn.
- Intel's shares surged more than 5% in after-hours trading, while SoftBank's chairman Masayoshi Son said the investment supports advanced semiconductor manufacturing growth in the U.S.
- This deal reflects SoftBank's renewed focus on AI and semiconductors in the U.S., validating Intel's critical role amid its efforts to recover market position.
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Japan's SoftBank to invest $2B in Intel
TOKYO, Japan – Japan-based tech investor SoftBank Group said Tuesday it would invest $2 billion in Intel, as the US government reportedly considers taking a 10-percent stake in the troubled US chip giant. The move is the latest in SoftBank’s succession of investments and business deals in the United States as its charismatic founder Masayoshi
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Total News Sources114
Leaning Left13Leaning Right8Center52Last UpdatedBias Distribution71% Center
Bias Distribution
- 71% of the sources are Center
71% Center
L 18%
C 71%
11%
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