Japanese technology giant SoftBank Group plans to take a US$2 billion stake in computer chip maker Intel as it deepens its involvement in U.S. semiconductor manufacturing and other advanced technology in the United States,

Intel is getting a $2 billion capital injection from SoftBank Group in a major vote of confidence for the troubled U.S. chipmaker in the middle of a turnaround. The equity investment, announced by the companies on Monday,

Japan’s SoftBank will invest $2 billion into struggling American chipmaker Intel, the two companies announced Monday.