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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 pioneer Intel in an unusual deal that would deepen the Trump administration’s
Shares in the chip maker rose following news of SoftBank’s planned investment and a possible stake for the U.S. government.
The investment will make SoftBank Intel’s fifth biggest investor, with the conglomerate paying $23 per share of Intel common ...
A $2 billion investment represents a roughly 2% stake, ranking SoftBank the fifth-largest shareholder of Intel, while a ...
Softbank owns a majority stake in Arm. Arm-based chips dominate the smartphone market, and they're starting to compete with ...
Intel stock was rising on the investment from SoftBank, which could bring a major chip-manufacturing customer alongside an ...
The two companies said SoftBank's stake in Intel was a bet on the growing market for artificial intelligence, which Intel has ...
Japanese investment giant SoftBank has announced a substantial US$2bn investment in Intel, the major American semiconductor ...
The move could signal SoftBank’s chip ambitions, as the company may be gearing up to build Arm CPU tiles, AI XPUs, and Ampere ...
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