Intel, SoftBank
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Intel's new CEO, SoftBank's $2B investment, and CHIPS Act support position Intel for growth. Read why INTC stock is a strong long-term buy.
Shares in the chip maker rose following news of SoftBank’s planned investment and a possible stake for the U.S. government.
SoftBank announced on Tuesday a $2 billion investment in Intel that will add to the Japanese tech investor's ambitious bet on artificial intelligence and the chip industry.
WARREN — Representatives of SoftBank are expected to meet with Trumbull County commissioners about the multi-million dollar Foxconn project expected to bring up to 2,000 jobs to the Mahoning Valley, according to Commission President Rick Hernandez.
Shares in the chip maker rose following news of SoftBank’s planned investment and a possible stake for the U.S. government.
Son is also pursuing a $6.5 billion acquisition of Ampere Computing and reportedly eyeing up to $30 billion in OpenAI funding. But execution isn't running on schedule. For the first time, SoftBank's CFO admitted that Stargate is delayed.
SoftBank’s billionaire founder Masayoshi Son held talks with Intel’s chief executive about buying its faltering contract chipmaking business in the weeks before Monday’s announcement that the Japanese company would invest $2bn in the US group’s shares.