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Intel Gets $2 Billion Infusion From SoftBank, Accelerating AI Push in U.S.

Intel Gets $2 Billion Infusion From SoftBank, Accelerating AI Push in U.S.

SoftBank's 9434 -0.85%decrease; red down pointing triangle $2 billion investment in Intel INTC 6.78%increase; green up pointing triangle offers the challenged chip maker a lifeline—and makes the Japanese conglomerate a private-sector champion in the Trump administration's effort to revive a onetime American chip giant.
The deal could help secure future chip and AI hardware supply for large-scale projects like SoftBank's Stargate data-center venture and a potential AI and robotics hub in Arizona, according to people familiar with the matter. It could also reduce SoftBank's reliance on Asia for chip supply, while building capacity in the U.S.
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