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Intel Gains $2 Billion Investment From SoftBank to Revive US Chipmaking
The investment will make SoftBank Intel’s fifth biggest investor, with the conglomerate paying $23 per share of Intel common stock. Lip-Bu Tan, Intel’s CEO, said in a statement that he “appreciate (s) the confidence (SoftBank) has placed in Intel with this investment.”
Shares in the chip maker rose following news of SoftBank’s planned investment and a possible stake for the U.S. government.
Intel is getting a $2 billion capital injection from SoftBank Group in a major vote of confidence for the troubled U.S.
Intel’s stock rose 7% on Tuesday after SoftBank announced a stake in the chip maker, and as the U.S. government considers an ...
Intel Corporation sees a steep rally; speculation over U.S. stake and SoftBank investment fuels optimism, but can it overcome ...
The two companies said SoftBank's stake in Intel was a bet on the growing market for artificial intelligence, which Intel has ...
(Reuters) -Intel is in talks with other large investors to receive an equity infusion at a discounted price, CNBC reported on ...
Intel scores $2B investment from Japan's SoftBank, shares jump. Sinclair reportedly offers to merge broadcast TV operations ...
The move is part of SoftBank's investing initiatives in the US, which also includes commitments towards AI computing. Intel, ...
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