SoftBank to Buy $2bn Stake in Intel, Boosting Shares
SoftBank’s $2 billion investment in Intel at $23 per share follows White House talks of a 10% stake, reinforcing US semiconductor manufacturing and innovation.
Intel shares surged after SoftBank announced it would acquire a $2bn stake in the US chipmaker at $23 per share.
The investment comes amid reports that the White House is in negotiations for a roughly 10% holding in Intel, potentially converting government grants into equity to fund Intel’s flagship manufacturing hub in Ohio.
SoftBank and Intel said the deal underscores their shared commitment to advanced technology and semiconductor innovation in the United States. Last week, Intel CEO Lip-Bu Tan met with US President Donald Trump and cabinet members. The meeting followed Trump’s public call for Tan to step down over alleged conflicts of interest related to China.
The US chip sector is under heightened White House scrutiny. In a recent agreement, Nvidia and AMD agreed to remit 15% of their Chinese revenue to the US government to secure export licences.
SoftBank’s $2bn investment and potential US government stake signal a coordinated effort to bolster domestic semiconductor manufacturing.
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