Japan’s SoftBank to invest US$2 billion in Intel
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A multinational investment firm announced Monday it will invest $2 billion into Intel, just as the Trump administration floated the idea of the United States investing in the tech giant. SoftBank Group,
The move is part of SoftBank's investing initiatives in the US, which also includes commitments towards AI computing. Intel, which has lagged behind in the chip race after being the erstwhile market leader,
The Trump administration is reportedly discussing a deal to take a 10% stake in Intel, which could potentially leverage Chips Act funding as part of the equity.