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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428 Articles
Should the government invest in Intel?
I’m Isaac Saul, and this is Tangle: an independent, nonpartisan, subscriber-supported politics newsletter that summarizes the best arguments from across the political spectrum on the news of the day — then “my take.”Are you new here? Get free emails to your inbox daily. Would you rather listen? You can find our podcast here.Today’s read: 14 minutes.💻We break down a potential equity deal between the federal government and Intel. Plus, why isn't …
Intel is so important to the United States that even the president is getting involved. Earlier this month, Donald Trump demanded that CEO Lip-Bu Tan resign over alleged ties to China. After a personal meeting, he relented. This underscores the immense political pressure on the last American chipmaker capable of producing the most advanced semiconductors at scale.
The Trump administration plans to acquire shares in the chip manufacturer Intel, which is contrary to its previous market policy. While Biden has relied on independence from Taiwan, Trump pursues a different agenda.
President Donald Trump thinks owning a piece of Intel would be a good deal for the US. Here’s what to know
SAN FRANCISCO — President Donald Trump wants the U.S. government to own a piece of Intel, less than two weeks after demanding the Silicon Valley pioneer dump the CEO that was hired to turn around the slumping chipmaker. If the goal is realized, the investment would deepen the Trump administration’s involvement in the computer industry as the president ramps up the pressure for more U.S. companies to manufacture products domestically instead of r…
Trump in talks for government to take 10% stake in Intel: What we know
President Donald Trump wants the U.S. government to own a piece of Intel, less than two weeks after demanding the Silicon Valley pioneer dump the CEO that was hired to turn around the slumping chipmaker. If the goal is realized, the investment would deepen the Trump administration’s involvement in the computer industry as the president ramps up the pressure for more U.S. companies to manufacture products domestically instead of relying on overse…
In a political and corporate turn, Donald Trump went from demanding the dismissal of Intel CEO Lip-Bu Tan for his alleged ties with China to supporting his government to acquire a 10 percent stake in the company. The movement, accompanied by a $2 billion investment from SoftBank, pushed 11 percent of Intel’s shares and reflects the growing strategic relevance of semiconductors in the global technological dispute. However, the road has not been e…
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