Intel Secures $2 Billion US Investment from SoftBank
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A new partner to Foxconn's AI venture in Lordstown, Japanese investment firm SoftBank, has also announced a $2 billion investment in semiconductor giant Intel.
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Khaleej Times on MSNSoftBank's growing bets on AI and semiconductor assets
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Japan’s SoftBank has invested $2 billion in Intel, which has been losing ground lately in the booming AI market.
Though Trump recently called on Tan to resign, citing conflicts of interest, he appeared to change his opinion after meeting the Intel CEO in person. SoftBank is also set to play a major role in the $500-billion Stargate project to develop AI infrastructure in the U.S. with Oracle and OpenAI.
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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,
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