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Intel Gains $2 Billion Investment From SoftBank to Revive US Chipmaking
The investment will make SoftBank Intel’s fifth biggest investor, with the conglomerate paying $23 per share of Intel common stock. Lip-Bu Tan, Intel’s CEO, said in a statement that he “appreciate (s) the confidence (SoftBank) has placed in Intel with this investment.”
2hon MSN
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Intel is getting a $2 billion capital injection from SoftBank Group in a major vote of confidence for the troubled U.S.
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The move is part of SoftBank's investing initiatives in the US, which also includes commitments towards AI computing. Intel, ...
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