SoftBank will invest $2 billion into Intel as the struggling chipmaker pulls back on spending and lays off thousands of workers. In an announcement, SoftBank CEO Masayoshi Son said the investment aligns with the firm’s belief that “advanced semiconductor manufacturing and supply will further expand in the United States.”

Federal officials are considering the move because Intel, the last leading-edge chipmaker in the United States, has been struggling.

The Trump administration is in talks to take a 10% stake in Intel by converting some or all of the struggling company's Chips Act grants into equity, Bloomberg News reported, citing a White House official and other people familiar with the matter.

Treasury Secretary Scott Bessent hinted Tuesday the US government may be considering taking a stake in struggling chipmaker Intel, coming after multiple media outlets have reported that discussions were in place.

The White House is considering taking a 10% stake in chipmaker Intel per reports as talks with the company and Trump's team advance.

SoftBank Group Corp. agreed to buy $2 billion of Intel Corp. stock, a surprise deal to shore up a struggling US name while boosting its own chip ambitions.

Intelligence Director Tulsi Gabbard said the British government’s order “would have enabled access to the protected encrypted data of American citizens.”

The stock rose 6% in premarket trading after Japan's SoftBank (JP:9984) agreed to invest $2 billion in the