Japan’s SoftBank to invest US$2 billion in Intel
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SoftBank Group is taking a $2 billion equity stake in Intel, the two companies said on Monday, amid a ramp-up in efforts to provide financial support to the struggling U.S. chipmaker. The Japanese investment company will pay $23 per share for Intel common stock,
The move is part of SoftBank's investing initiatives in the US, which also includes commitments towards AI computing. Intel, which has lagged behind in the chip race after being the erstwhile market leader,