
Intel will receive a $2 billion lifeline from SoftBank
SoftBank's investment in Intel makes it the sixth-largest shareholder, according to The Wall Street Journal. Last year, the Japanese investing firm committed to spending $100 billion in the US during President Donald Trump's four years in office. SoftBank has already teamed up with OpenAI on Project Stargate, a $500 billion initiative to build a network of data centers in the US.
The news comes amid reports that the US government plans to take a 10 percent stake in Intel. During an interview with CNBC on Tuesday, Treasury Secretary Scott Bessent said the 'stake would be a conversion of grants' meant to 'stabilize the company for chip production here in the US.'
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