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Intel shares jump as Softbank to buy $2bn stake in chip giant

The announcement comes hours after reports that the White House is in talks over taking a 10% stake in Intel.

Intel shares have jumped after Japanese technology investment giant Softbank said it is buying a $2bn (£1.5bn) stake in the US computer chip maker. The announcement came just hours after new reports that the Trump administration is in talks to take a stake of around 10% in Intel by converting government grants into shares. The meeting came just days after Trump called for Mr Tan to resign, accusing him of being "highly conflicted" due to his earlier ties to China.

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