The news comes amid reports of the US government taking a stake in Intel.
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.
Shares in chip maker rise amid reports US government is also considering taking a stake
Intel is getting a $2 billion lifeline from Japan's SoftBank, the companies announced Monday after signing a definitive securities purchase agreement.
SoftBank has been expanding its US footprint, including a recent deal to buy Foxconn’s electric vehicle plant in Ohio.
It comes after SoftBank announced it would invest $2 billion in the struggling chipmaker.
The announcement comes hours after reports that the White House is in talks over taking a 10% stake in Intel.
Washington reportedly considering 10% stake in US chipmaker
Die US-Regierung erwägt, zehn Prozent an Intel zu erwerben, um den Chiphersteller zu stabilisieren. Dies folgt auf einen milliardenschweren Aktienkauf durch Softbank
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…
