Intel shares rise premarket as SoftBank investment chips in

SoftMedx Healthcare

19/08/2025 09:08

** Intel INTC.O shares jump 6% to $25 in premarket trading, following a $2 bln investment from Japan's SoftBank Group 9984.T

** Investment seen as strong endorsement of Intel's efforts to revive its chipmaking business and regain tech leadership

** SoftBank to become sixth-largest Intel shareholder, according to LSEG data

** Co won't seek a board seat or commit to buying Intel chips, says source

** Intel CEO Lip-Bu Tan thanks SoftBank CEO Masayoshi Son for backing; Tan previously served on SoftBank's board

** Deal follows reports that the U.S. government may buy a stake in Intel, after Tan's meeting with President Trump

** SoftBank shares fall almost 5% in Tokyo; Intel gains as investors welcome fresh capital amid turnaround efforts

** INTC up ~18% YTD

 (Reporting by Rashika Singh in Bengaluru)

 ((Rashika.Singh@thomsonreuters.com;))