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SoftBank will pay $23 per share for Intel common stock.
Biotech & Health
Climate
Cloud Computing
Commerce
EVs

The investing conglomerate is looking to team up with TSMC on the initiative as SoftBank continues to pour money into AI.

SoftBank has been expanding its US footprint, including a recent deal to buy Foxconn’s electric vehicle plant in Ohio.

SoftBank will pay $23 per share for Intel's common stock, acquiring roughly 2% of the struggling chipmaker.

The U.S. government's recent stake in Intel comes after a long period of floundering at the company's foundry business.

Washington reportedly considering 10% stake in US chipmaker

The news comes amid reports of the US government taking a stake in Intel.

SoftBank invests $2bn in Intel; proposed new UK property tax ‘could cut cost of buying expensive homes’ - business live