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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.”
Intel stock falls as the company seeks more investors after SoftBank deal and Trump administration considers equity stake.
Shares in the chip maker rose following news of SoftBank’s planned investment and a possible stake for the U.S. government.
22hon MSN
Trump administration vying to own a big stake in Intel after SoftBank’s $2 billion bet on company
U.S. Commerce Secretary Howard Lutnick on Tuesday confirmed the U.S. government is vying for a 10% stake in Silicon Valley ...
A $2 billion investment represents a roughly 2% stake, ranking SoftBank the fifth-largest shareholder of Intel, while a ...
Intel is in talks with other large investors to receive an equity infusion at a discounted price, CNBC reported on Wednesday, ...
Intel is getting a $2 billion investment in common stock from SoftBank, which is betting big on the AI revolution.
The U.S. has taken stakes in struggling firms before—most notably, General Motors, during the 2008 financial crisis, before ...
Intel scores $2B investment from Japan's SoftBank, shares jump. Sinclair reportedly offers to merge broadcast TV operations ...
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