Reported 1 day ago
SoftBank has announced a $2 billion investment in Intel, purchasing common stock at $23 per share as part of a commitment to enhance semiconductor manufacturing in the U.S. This investment is seen as a validation for Intel amidst increasing competition and reflects SoftBank's renewed focus on the U.S. tech landscape, especially in AI chips. The deal follows recent discussions regarding the U.S. government's semiconductor strategy and coincides with Intel's ongoing restructuring under new CEO Lip-Bu Tan.
Source: YAHOO