Newscasts - SoftBank to put $2 bln into Intel, US may also take stake

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19/08/2025 04:03

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Source: 'Reuters - Business videos'

Description: SoftBank Group is taking a $2 billion equity stake in Intel, the two companies said on Monday, amid a ramp-up in efforts to provide financial support to the struggling U.S. chipmaker. Julian Satterthwaite reports. 

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Video Transcript:

SoftBank is taking a $2 billion stake in chipmaker Intel. The move is part of efforts to ramp up support for the troubled US firm. It’s been struggling with losses and weak demand at its foundry unit, which makes semiconductors for other companies. In a statement Monday, the two firms said SoftBank would pay $23 per share to acquire Intel stock. According to LSEG data, the deal will make it the sixth largest investor in the company. Earlier, Bloomberg News reported that the US government is in talks to take a 10% stake in Intel. That would be worth about $10 billion. The report comes after President Donald Trump called for the resignation of company Chief Executive Lip-Bu Tan. He’s accused Tan of having inappropriate ties to Chinese firms. SoftBank declined to provide more details on its Intel deal when approached by Reuters. It would mark the latest in a run of mammoth investments by the Japanese giant. That includes committing $30 billion to ChatGPT maker OpenAI. While SoftBank is also leading the financing for Stargate, a $500 billion data center project in the US.