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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.
The unusual deal would deepen the Trump administration’s financial ties with major computer chip manufacturers and punctuate ...
SoftBank is investing $2 billion in Intel, even as the White House is considering taking a 10% stake in chipmaker per reports ...
Intel Corp. (NASDAQ:INTC) is one of the best data center stocks to buy now. On August 19, SoftBank Group announced a $2 ...
President Donald Trump said on Friday the U.S. would take a 10% stake in Intel under a deal with the struggling chipmaker ...
The semiconductor maker has struggled to keep up in the artificial intelligence boom with rivals such as Nvidia and AMD.
Intel Corporation's shift to foundry services under CEO Lip-Bu Tan, government support, and market shifts could drive ...
Softbank owns a majority stake in Arm. Arm-based chips dominate the smartphone market, and they're starting to compete with ...
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