SoftBank’s investment in Intel comes less than a week after it was claimed that the Trump administration was reportedly in talks to acquire its own stake in the struggling chip company, a figure that Bloomberg today reported could amount to around 10 percent, a figure worth about $10.5bn, and which would make it the largest shareholder.

The Trump administration is in discussions to take a stake of about 10% in Intel, possibly by converting grants made to the company under the US Chips and Science Act into equity, according to people familiar with the matter.

Intel scores $2B investment from Japan's SoftBank, shares jump. Sinclair reportedly offers to merge broadcast TV operations with Tegna. Crocs partnering with NFL for team-branded clogs.

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,

The government’s plan is under consideration just as SoftBank Group Corp. announced a surprise bet on Intel’s revival, agreeing to acquire a $2 billion stake in the company.