Lex Greensill decries ‘code of silence' in $677m SoftBank lawsuit
Greensill is giving evidence at a $US440 million ($677 million) London trial brought by Credit Suisse against SoftBank over a restructuring agreement involving his trade finance firm in 2020.
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The Advertiser
7 hours ago
- The Advertiser
Intel getting $3 billion lifeline from SoftBank
Intel is getting a $US2 billion ($A3.1 billion) capital injection from SoftBank Group, in a major boost of confidence for the troubled US chipmaker that's in the middle of a turnaround effort. The equity investment, announced by the two companies on Monday, is a lifeline for the once-iconic US chipmaker which has struggled to compete after years of management blunders that left it with virtually no foothold in the booming artificial intelligence chip industry. The deal follows media reports last week that the US government may buy a stake in Intel, after a meeting between new CEO Lip-Bu Tan and President Donald Trump that was sparked by the president's demand for Tan's resignation over his ties to Chinese firms. SoftBank's decision to invest in Intel is not connected to Trump, a person familiar with the matter told Reuters. The White House did not immediately respond to a request for comment. The investment will make SoftBank a top-10 shareholder of Intel and add to the Japanese tech investor's ambitious bet on AI that includes the $US500 billion ($A771 billion) Stargate US data centre project. "This strategic investment reflects our belief that advanced semiconductor manufacturing and supply will further expand in the United States, with Intel playing a critical role," SoftBank CEO Masayoshi Son said in a statement. It will pay $US23 ($A35) per share for the Intel common stock. SoftBank would become the sixth largest investor in Intel, according to LSEG data. SoftBank's investment will come via a primary issuance of common stock by Intel, and, based on the US company's market capitalisation at close of trading on Monday, represent an equity stake of just under two per cent, an Intel spokesperson said. SoftBank's shares dropped more than five per cent on Tuesday following the announcement, while Intel surged 5.6 per cent in after-market hours trading. The Japanese company will only take an equity stake in Intel and will neither seek a board seat nor commit to buying Intel's chips, the person familiar with the matter said. Intel has struggled financially and recorded an annual loss of $US18.8 billion ($A29.0 billion) in 2024, its first such loss since 1986. Bloomberg News reported earlier on Monday that the US government is in talks to take a 10 per cent stake in Intel. SoftBank declined to provide more details on the Intel investment when asked to comment by Reuters. The Intel funding is the latest in the Japanese company's run of mammoth investment announcements in 2025, which include committing $US30 billion ($A46 billion) to ChatGPT maker OpenAI as well as leading the financing for Stargate. Intel is getting a $US2 billion ($A3.1 billion) capital injection from SoftBank Group, in a major boost of confidence for the troubled US chipmaker that's in the middle of a turnaround effort. The equity investment, announced by the two companies on Monday, is a lifeline for the once-iconic US chipmaker which has struggled to compete after years of management blunders that left it with virtually no foothold in the booming artificial intelligence chip industry. The deal follows media reports last week that the US government may buy a stake in Intel, after a meeting between new CEO Lip-Bu Tan and President Donald Trump that was sparked by the president's demand for Tan's resignation over his ties to Chinese firms. SoftBank's decision to invest in Intel is not connected to Trump, a person familiar with the matter told Reuters. The White House did not immediately respond to a request for comment. The investment will make SoftBank a top-10 shareholder of Intel and add to the Japanese tech investor's ambitious bet on AI that includes the $US500 billion ($A771 billion) Stargate US data centre project. "This strategic investment reflects our belief that advanced semiconductor manufacturing and supply will further expand in the United States, with Intel playing a critical role," SoftBank CEO Masayoshi Son said in a statement. It will pay $US23 ($A35) per share for the Intel common stock. SoftBank would become the sixth largest investor in Intel, according to LSEG data. SoftBank's investment will come via a primary issuance of common stock by Intel, and, based on the US company's market capitalisation at close of trading on Monday, represent an equity stake of just under two per cent, an Intel spokesperson said. SoftBank's shares dropped more than five per cent on Tuesday following the announcement, while Intel surged 5.6 per cent in after-market hours trading. The Japanese company will only take an equity stake in Intel and will neither seek a board seat nor commit to buying Intel's chips, the person familiar with the matter said. Intel has struggled financially and recorded an annual loss of $US18.8 billion ($A29.0 billion) in 2024, its first such loss since 1986. Bloomberg News reported earlier on Monday that the US government is in talks to take a 10 per cent stake in Intel. SoftBank declined to provide more details on the Intel investment when asked to comment by Reuters. The Intel funding is the latest in the Japanese company's run of mammoth investment announcements in 2025, which include committing $US30 billion ($A46 billion) to ChatGPT maker OpenAI as well as leading the financing for Stargate. Intel is getting a $US2 billion ($A3.1 billion) capital injection from SoftBank Group, in a major boost of confidence for the troubled US chipmaker that's in the middle of a turnaround effort. The equity investment, announced by the two companies on Monday, is a lifeline for the once-iconic US chipmaker which has struggled to compete after years of management blunders that left it with virtually no foothold in the booming artificial intelligence chip industry. The deal follows media reports last week that the US government may buy a stake in Intel, after a meeting between new CEO Lip-Bu Tan and President Donald Trump that was sparked by the president's demand for Tan's resignation over his ties to Chinese firms. SoftBank's decision to invest in Intel is not connected to Trump, a person familiar with the matter told Reuters. The White House did not immediately respond to a request for comment. The investment will make SoftBank a top-10 shareholder of Intel and add to the Japanese tech investor's ambitious bet on AI that includes the $US500 billion ($A771 billion) Stargate US data centre project. "This strategic investment reflects our belief that advanced semiconductor manufacturing and supply will further expand in the United States, with Intel playing a critical role," SoftBank CEO Masayoshi Son said in a statement. It will pay $US23 ($A35) per share for the Intel common stock. SoftBank would become the sixth largest investor in Intel, according to LSEG data. SoftBank's investment will come via a primary issuance of common stock by Intel, and, based on the US company's market capitalisation at close of trading on Monday, represent an equity stake of just under two per cent, an Intel spokesperson said. SoftBank's shares dropped more than five per cent on Tuesday following the announcement, while Intel surged 5.6 per cent in after-market hours trading. The Japanese company will only take an equity stake in Intel and will neither seek a board seat nor commit to buying Intel's chips, the person familiar with the matter said. Intel has struggled financially and recorded an annual loss of $US18.8 billion ($A29.0 billion) in 2024, its first such loss since 1986. Bloomberg News reported earlier on Monday that the US government is in talks to take a 10 per cent stake in Intel. SoftBank declined to provide more details on the Intel investment when asked to comment by Reuters. The Intel funding is the latest in the Japanese company's run of mammoth investment announcements in 2025, which include committing $US30 billion ($A46 billion) to ChatGPT maker OpenAI as well as leading the financing for Stargate. Intel is getting a $US2 billion ($A3.1 billion) capital injection from SoftBank Group, in a major boost of confidence for the troubled US chipmaker that's in the middle of a turnaround effort. The equity investment, announced by the two companies on Monday, is a lifeline for the once-iconic US chipmaker which has struggled to compete after years of management blunders that left it with virtually no foothold in the booming artificial intelligence chip industry. The deal follows media reports last week that the US government may buy a stake in Intel, after a meeting between new CEO Lip-Bu Tan and President Donald Trump that was sparked by the president's demand for Tan's resignation over his ties to Chinese firms. SoftBank's decision to invest in Intel is not connected to Trump, a person familiar with the matter told Reuters. The White House did not immediately respond to a request for comment. The investment will make SoftBank a top-10 shareholder of Intel and add to the Japanese tech investor's ambitious bet on AI that includes the $US500 billion ($A771 billion) Stargate US data centre project. "This strategic investment reflects our belief that advanced semiconductor manufacturing and supply will further expand in the United States, with Intel playing a critical role," SoftBank CEO Masayoshi Son said in a statement. It will pay $US23 ($A35) per share for the Intel common stock. SoftBank would become the sixth largest investor in Intel, according to LSEG data. SoftBank's investment will come via a primary issuance of common stock by Intel, and, based on the US company's market capitalisation at close of trading on Monday, represent an equity stake of just under two per cent, an Intel spokesperson said. SoftBank's shares dropped more than five per cent on Tuesday following the announcement, while Intel surged 5.6 per cent in after-market hours trading. The Japanese company will only take an equity stake in Intel and will neither seek a board seat nor commit to buying Intel's chips, the person familiar with the matter said. Intel has struggled financially and recorded an annual loss of $US18.8 billion ($A29.0 billion) in 2024, its first such loss since 1986. Bloomberg News reported earlier on Monday that the US government is in talks to take a 10 per cent stake in Intel. SoftBank declined to provide more details on the Intel investment when asked to comment by Reuters. The Intel funding is the latest in the Japanese company's run of mammoth investment announcements in 2025, which include committing $US30 billion ($A46 billion) to ChatGPT maker OpenAI as well as leading the financing for Stargate.
Perth Now
8 hours ago
- Perth Now
Intel getting $3 billion lifeline from SoftBank
Intel is getting a $US2 billion ($A3.1 billion) capital injection from SoftBank Group, in a major boost of confidence for the troubled US chipmaker that's in the middle of a turnaround effort. The equity investment, announced by the two companies on Monday, is a lifeline for the once-iconic US chipmaker which has struggled to compete after years of management blunders that left it with virtually no foothold in the booming artificial intelligence chip industry. The deal follows media reports last week that the US government may buy a stake in Intel, after a meeting between new CEO Lip-Bu Tan and President Donald Trump that was sparked by the president's demand for Tan's resignation over his ties to Chinese firms. SoftBank's decision to invest in Intel is not connected to Trump, a person familiar with the matter told Reuters. The White House did not immediately respond to a request for comment. The investment will make SoftBank a top-10 shareholder of Intel and add to the Japanese tech investor's ambitious bet on AI that includes the $US500 billion ($A771 billion) Stargate US data centre project. "This strategic investment reflects our belief that advanced semiconductor manufacturing and supply will further expand in the United States, with Intel playing a critical role," SoftBank CEO Masayoshi Son said in a statement. It will pay $US23 ($A35) per share for the Intel common stock. SoftBank would become the sixth largest investor in Intel, according to LSEG data. SoftBank's investment will come via a primary issuance of common stock by Intel, and, based on the US company's market capitalisation at close of trading on Monday, represent an equity stake of just under two per cent, an Intel spokesperson said. SoftBank's shares dropped more than five per cent on Tuesday following the announcement, while Intel surged 5.6 per cent in after-market hours trading. The Japanese company will only take an equity stake in Intel and will neither seek a board seat nor commit to buying Intel's chips, the person familiar with the matter said. Intel has struggled financially and recorded an annual loss of $US18.8 billion ($A29.0 billion) in 2024, its first such loss since 1986. Bloomberg News reported earlier on Monday that the US government is in talks to take a 10 per cent stake in Intel. SoftBank declined to provide more details on the Intel investment when asked to comment by Reuters. The Intel funding is the latest in the Japanese company's run of mammoth investment announcements in 2025, which include committing $US30 billion ($A46 billion) to ChatGPT maker OpenAI as well as leading the financing for Stargate.
News.com.au
15-06-2025
- News.com.au
Hot Money Monday: icetana moves into the spotlight with $3.6m deal
SoftBank tips into icetana with $3.6m handshake icetana's AI camera tech spots trouble before it starts Smart surveillance is booming and these ASX players are circling Perth-based icetana (ASX:ICE) has just stepped onto the big stage, signing a $3.6 million deal last week with one of the world's most recognisable tech names, SoftBank Robotics. icetana's shares surged by 70% on the day of the announcement. The deal is more than just a foot in the door. It's a full-blown strategic handshake that gives icetana an equity boost, and a deep collaboration with a global giant. With demand for smart surveillance rising fast, from retail to transport and public safety, the timing couldn't be better. SoftBank Robotics Singapore is tipping in $1.87 million for a 17.6% stake. SoftBank Robotics Corp, meanwhile, will be taking over as icetana's exclusive distributor in Japan, with a guaranteed $693,000 in recurring revenue in year one. It will also co-develop new tech with icetana over the next three years, blending icetana's video tech with its own bots. This is a $1.08m partnership deal that could embed icetana's AI into the next wave of global security gear. icetana's CEO Kevin Brown says the deal gives icetana a clear path to scale in Asia. 'This partnership not only accelerates our expansion into key markets, but also integrates our technology into some of the world's most advanced security platforms.' Eyes on everything, powered by AI As cities get busier and risks get trickier, the world is turning to artificial intelligence to help keep watch. icetana AI's technology essentially figures out what 'normal' looks like on every camera in a network, then flags anything out of the ordinary. No need for guards squinting at a wall of screens or trawling through hours of footage after the fact. With more than 24 billion hours of CCTV pumped out globally each day, humans simply can't keep up, but icetana says its AI tech can. It spots weird behaviour in real time, cuts down false alarms and gives security teams the heads-up before something hits the fan. Plug it in, let it learn and within 24 hours it's on the job. The tech is already being used across 16,000 cameras in 15+ countries, helping secure everything from shopping centres and stadiums to data centres, campuses and hospitals. The use cases are piling up In New York, AI surveillance in subway stations cut crime by 27% in just six months. In Dubai, it helps predict accident-prone intersections. In retail, Walmart uses it to catch scanning errors at checkouts, saving millions. In hospitals, it spots falls. On factory floors, it flags workers without helmets. Even in the wild, AI is being used to catch poachers before they strike. In the future, cameras won't just see; they'll understand, connect and respond. Of course, with great power comes great responsibility. As this tech spreads, so will the need for guardrails around privacy, bias and ethics. But that's the balance the industry is now learning to walk. Other ASX stocks in this space Harvest Technology Group (ASX:HTG) is all about getting high-quality video, audio and data from A to B, even when it's in the middle of the ocean. Its tech lets you stream crisp, synchronised footage over ultra-low bandwidth networks, whether it's via satellite, or bad Wi-Fi in the middle of nowhere. Spectur (ASX:SP3) took things up a notch when it acquired 3 Crowns Technologies. Its smart camera systems don't just film, they analyse, flagging suspicious behaviour, environmental hazards, or even spotting folks without helmets on a job site. In the adjacent space, BirdDog Technology (ASX:BDT) builds the gear that lets video pros shoot, stream and control high-end footage over regular IP networks. BDT is one of the top dogs in NDI (Network Device Interface), which means the tech helps video travel fast, sharp, and smooth across networks without missing a beat. At Stockhead we tell it like it is. While Harvest Technology is a Stockhead advertiser, it did not sponsor this article.
