Japan’s SoftBank to invest US$2 billion in Intel
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Shares in the chip maker rose about 5% premarket following news of SoftBank’s planned investment and a possible stake for the U.S. government.
Hon Hai Precision Industry Co. will operate a US factory owned by SoftBank Group Corp., setting up what’s in the running to be the first manufacturing site in the Japanese company’s $500 billion Stargate venture with OpenAI and Oracle Corp.