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Intel gets $2 billion from Softbank as White House mulls stake

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2 hours ago

Intel shares rose Tuesday after Softbank announced it will invest $2 billion in the chipmaker. "We are very pleased to deepen our relationship with SoftBank, a company that’s at the forefront of so many areas of emerging technology and innovation and shares our commitment to advancing U.S. technology and manufacturing leadership," said Intel CEO Lip Bin-Tu in the announcement. The investment, announced late Tuesday, came hours after Bloomberg reported the White House may be ready to take a 10% stake in Intel, fueling ongoing speculation an investment is being hammered out. he move would shore...

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