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Intel Gains $2 Billion Investment From SoftBank to Revive US Chipmaking
The investment will make SoftBank Intel’s fifth biggest investor, with the conglomerate paying $23 per share of Intel common stock. Lip-Bu Tan, Intel’s CEO, said in a statement that he “appreciate (s) the confidence (SoftBank) has placed in Intel with this investment.”
2hon MSN
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Intel is getting a $2 billion investment in common stock from SoftBank, which is betting big on the AI revolution.
Japan’s SoftBank will invest $2 billion into struggling American chipmaker Intel, the two companies announced Monday.
Shares in the chip maker rose following news of SoftBank’s planned investment and a possible stake for the U.S. government.
SoftBank's investment will come via a primary issuance of common stock by Intel, and, based on the U.S. company's market ...
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