US EditionSoftbank Invests $2 Billion in Intel as US Weighs 10% Stake
- 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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228 Articles
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East Bay TimesUS seeks Intel stake without governance rights, Lutnick says
(Bloomberg/Josh Wingrove) — Commerce Secretary Howard Lutnick confirmed discussions between the US and Intel Corp. for the government to take a stake in the chipmaker, casting the plan as a bid to convert Chips and Science Act grants into equity. Lutnick on Tuesday said the plan would not give the US governance or voting rights in the company, even though it could make the federal government Intel’s largest shareholder. He assailed the chips law…
Is Intel the Hot AI Growth Stock to Buy Now?
Key Points in This Article: Intel’s (INTC) stock is gaining traction due to a potential 10% U.S. government stake via CHIPS Act grant conversions. SoftBank is investing $2 billion at $23 per share into the chipmaker, reflecting confidence in Intel’s AI and manufacturing potential. After years of underperformance, Intel is now a focal point for investors seeking AI growth stocks. Nvidia made early investors rich, but there is a new class of ‘…
U.S. seeks equity stake in Intel, Commerce Secretary Lutnick says
The U.S. government aims to take an equity stake in Intel, Commerce Secretary Howard Lutnick said Tuesday morning.“We should get an equity stake for our money, so we’ll deliver the money which was already committed under the Biden administration,” Lutnick told CNBC.
Intel has become in a few days into the fashion technology company of the summer and flies on the Stock Exchange. Its decline comes from much further, but the events precipitated in the worst way last week, when the President of the United States, Donald Trump, claimed the dismissal of the CEO of Intel, Lip-Bu Tan, whom he accused of being in a “very conflictive” situation due to concerns about his alleged ties with China. Then they met and roug…
Japan's SoftBank to take $2 billion stake in computer chip maker Intel (Business)
Japanese technology giant SoftBank Group plans to take a $2 billion stake in computer chip maker Intel as it deepens its involvement in U.S. semiconductor manufacturing and other advanced technology in the United States, the companies said Monday. Shares in SoftBank fell 4% Tuesday in Tokyo followin...
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