Japan’s SoftBank to invest US$2 billion in Intel
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The stock rose 6% in premarket trading after Japan's SoftBank (JP:9984) agreed to invest $2 billion in the
The Trump administration is in discussions to take a stake of about 10% in Intel Corp., a move that could see the US become the beleaguered chipmaker’s largest shareholder.
Federal officials are considering the move because Intel, the last leading-edge chipmaker in the United States, has been struggling.
The White House is considering taking a 10% stake in chipmaker Intel per reports as talks with the company and Trump's team advance.
The Trump Administration is reportedly in talks with Intel for a roughly $10 billion investment in the languishing chipmaker..
While Grove's focused boldness worked, Tan's way forward must be more nuanced, balancing boldness with humility while resisting the urge to “fix” everything at once.
The latest developments in the ongoing soap opera that is Intel sees the federal government considering purchasing a stake in the company in a bid to speed up completion of its delayed advanced fabrication facilities, while yet another executive is casting aspersions on CEO Lip-Bu Tan.