The deal between SoftBank and Intel would involve the creation of roughly 87 million new shares, adding an incremental 2% to Intel’s overall share count. Reitzes believes the transaction will happen before the end of the year.

The Trump Administration is reportedly negotiating to take a 10% stake in Intel Corp., in what would amount to a de facto nationalization of the storied but struggling semiconductor firm.

“Semiconductors are the foundation of every industry, Son said in a statement. ”This strategic investment reflects our belief that advanced semiconductor manufacturing and supply will further expand ...