SoftBank, Intel
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A $2 billion investment represents a roughly 2% stake, ranking SoftBank the fifth-largest shareholder of Intel, while a reported 10% stake by the U.S. would be worth about $10.4 billion as of Monday’s share price.
Shares in the chip maker rose following news of SoftBank’s planned investment and a possible stake for the U.S. government.
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. It's been a roller coaster few days for Intel.
Intel has secured a crucial $2 billion lifeline from Japanese investment conglomerate SoftBank, marking a significant intervention that comes at a turning point for the struggling American chip giant.
By Sam Nussey, Fanny Potkin and Anton Bridge TOKYO (Reuters) -When Lip-Bu Tan stepped down from the SoftBank Group board in 2022 at a time when the Japanese company was grappling with soured investments,
Intel shares have jumped after Japanese technology investment giant Softbank said it is buying a $2bn (£1.5bn) stake in the US computer chip maker. The announcement came just hours after new reports that the Trump administration is in talks to take a stake of around 10% in Intel by converting government grants into shares.
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