Intel, SoftBank
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SoftBank Group Corp. agreed to buy $2 billion in Intel Corp. stock, a move that extends its US investment effort and offers a vote of confidence in the struggling chipmaker.
SoftBank’s $2B Intel investment boosts stock momentum. Technical analysis targets a breakout above $27.55, with risks tied to broader tech sector weakness.
Federal officials are considering the move because Intel, the last leading-edge chipmaker in the United States, has been struggling.