Intel shares jumped after SoftBank said it would put $2 billion into the struggling chipmaker amid reports the U.S. government is considering a stake.

Major U.S. equities indexes were mixed Tuesday as tech sector losses weighed on their performance. The S&P 500 ended the session 0.6% lower, while the tech-heavy Nasdaq dropped 1.5%. The Dow held onto a fractional gain.

Launched in January, the Stargate joint venture unites OpenAI, SoftBank, and Oracle to accelerate AI infrastructure investment in the US.

SoftBank Group Corp.’s digital payment provider PayPay Corp. has confidentially filed a draft registration to debut on the US stock market in a deal that could mint Japan’s first $10 billion unicorn.

Japan's Nikkei share gauge powered to an all-time high on Tuesday, driven by sharp gains for tech companies and renewed optimism over trade with the United States.

PayPay submitted the application on Aug. 14 to the U.S. Securities and Exchange Commission for listing on an unspecified exchange. Possibilities include the New York Stock Exchange and Nasdaq. SoftBank Group announced in May that it was preparing for an offering of shares in its payment service.