Washington reportedly considering 10% stake in US chipmaker

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

SoftBank will pay $23 per share for Intel common stock.

The announcement comes hours after reports that the White House is in talks over taking a 10% stake in Intel.

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

Intel is getting a $2 billion lifeline from Japan's SoftBank, the companies announced Monday after signing a definitive securities purchase agreement.

Washington reportedly considering 10% stake in US chipmaker

Shares in chip maker rise amid reports US government is also considering taking a stake

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

Il gigante di Tokyo di telefonia fissa e internet a banda larga SoftBank Group punta due miliardi di dollari nel produttore di chip per computer Intel, rafforzando così il…