Newscasts - The Week in Numbers: Intel intervention, ugly-cute gold

Total Soft Bank

22/08/2025 07:54

Click the following link to watch video: https://share.newscasts.refinitiv.com/link?entryId=1_cyc29hs3&referenceId=tag:reuters.com,2025:newsml_RW872421082025RP1_930&pageId=Newscasts
Source: 'Reuters - Business videos'

Description: From how Washington could take a stake in Intel and other chipmakers, to why ugly-cute toys are worth billions, we round up the big stories in business and finance over the week to August 22. Julian Satterthwaite reports. 

Short Link: https://refini.tv/4fJmWio

Video Transcript:

From a new lifeline for Intel, to why one toy is worth billions, this is the Week in Numbers. $2 billion is the money put into Intel by Japanese tech investor SoftBank as part of moves to help revive the ailing chipmaker. White House Press Secretary Karoline Leavitt says Washington might also take a 10% stake in the firm.

And it's a creative idea that has never been done before, to ensure that we're both reshoring these critical supply chains while also gaining something of it for the American taxpayer.

Tech shares broadly fell later in the week on reports that Washington might want a stake in other chipmakers too. Over $4 billion could be the value of ugly-cute toys. Or at least, that’s the possible annual sales at Labubu maker, Pop Mart. The Chinese firm says it's on track to hit an existing lower target and could exceed the higher number quite easily amid a global craze for the furry collectibles. Over 6% was the plunge for shares in Target on Wednesday. Investors panned the retailer’s choice of a veteran insider as its new chief executive. They say Michael Fiddelke is not the man to solve the many issues that have caused Target stock to underperform for years. Over $10 billion is how much Meta will pay Google for cloud computing capacity over six years. That’s according to a Reuters source. The news comes after boss Mark Zuckerberg said in July that the Facebook firm would spend hundreds of billions of dollars to build massive AI data centers of its own. And over 30% was the surge in sales for Xiaomi over the latest quarter. The Chinese company has risen to third place in the global smartphone market, behind only Apple and Samsung. It’s also becoming a big player in electric vehicles, though that business remains loss-making so far.