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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.”
Intel is getting a $2 billion capital injection from SoftBank Group in a major vote of confidence for the troubled U.S.
Shares in the chip maker rose following news of SoftBank’s planned investment and a possible stake for the U.S. government.
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