SoftBank invests $2B in Intel
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Intel stock falls as the company seeks more investors after SoftBank deal and Trump administration considers equity stake.
SoftBank is investing $2 billion in Intel, even as the White House is considering taking a 10% stake in chipmaker per reports, as talks with the company and Trump's team advance.
Shares in the chip maker rose following news of SoftBank’s planned investment and a possible stake for the U.S. government.
The deal comes as the US government explores a deal to take as much as a 10% ownership stake in the Santa Clara, California, firm.
The deal between SoftBank and Intel would involve the creation of roughly 87 million new shares, adding an incremental 2% to Intel’s overall share count. Reitzes believes the transaction will happen before the end of the year.
The move could signal SoftBank’s chip ambitions, as the company may be gearing up to build Arm CPU tiles, AI XPUs, and Ampere chips tied to the Stargate Project.
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