Get the latest tech news
SoftBank makes $2B investment in Intel
Softbank will pay $23 per share for Intel common stock.
SoftBank Group Chairman and CEO Masayoshi Son said in a statement that the “strategic investment reflects our belief that advanced semiconductor manufacturing and supply will further expand in the United States, with Intel playing a critical role.” Intel, steered by new CEO Lip-Bu Tan, is in the midst of a restructuring that aims to streamline the semiconductor business and focus on its core client and data center portfolio. Tan has also had to navigate political landmines in recent weeks as President Donald Trump called for his resignation due to conflicts of interest — an accusation that was made without evidence — and his administration reportedly had discussions to take a stake in Intel.
Or read this on TechCrunch