Reported 1 day ago
Intel has received a significant $2 billion equity investment from SoftBank Group, signifying a major confidence boost for the struggling U.S. chip manufacturer amidst its turnaround efforts. This deal positions SoftBank as a top-10 shareholder in Intel and is part of the Japanese company's broader strategy to invest in the burgeoning artificial intelligence sector. Despite Intel's recent challenges, including substantial financial losses, the investment represents ongoing faith in advanced semiconductor manufacturing in the U.S.
Source: YAHOO