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Japanese conglomerate SoftBank has agreed to invest $2 billion in Intel, a deal focused on advanced technology and semiconductors in the US. The announcement came after markets closed on Monday, with SoftBank purchasing Intel common stock at $23 per share. This move reflects SoftBank’s belief in the expansion of semiconductor manufacturing in the US, with Intel playing a key role.
The investment is a vote of confidence for Intel, which has faced tough competition from companies like Nvidia. It also shows SoftBank’s interest in the US, particularly in AI chips, as seen in its recent acquisition of a factory in Ohio from Foxconn to build AI data centers.
Intel, led by new CEO Lip-Bu Tan, is undergoing a restructuring to focus on its core client and data center portfolio. This includes shutting down its automotive architecture business and reducing its Intel Foundry division workforce. Tan has also faced political challenges, with President Trump calling for his resignation over alleged conflicts of interest.
The SoftBank-Intel deal comes amidst threats of new tariffs on imported semiconductor chips by the Trump administration as part of efforts to boost domestic production.
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