SoftBank makes Intel investment
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Intel shares rose after SoftBank Group announced a $2 billion equity investment, while reports suggest the Trump administration is weighing a separate plan to a
Intel ( INTC) stock climbed more than 5% in pre-market trading Tuesday following the announcement that SoftBank Group ( SFTBY) will take a $2 billion stake in the ailing chip giant.
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,