By Ramishah Maruf, CNN
New York (CNN) — Japan’s SoftBank will invest $2 billion into struggling American chipmaker Intel, the two companies announced Monday.
SoftBank will pay $23 per share of Intel common stock (INTC), according to a statement from the companies. Intel shares rose 6% in after-hours trading.
The news comes just days after reports that the White House is discussing taking a stake in Intel. Reports on Monday put the government’s possible stake at 10% of the chipmaker, worth roughly $10.5 billion.
The once-formidable Intel has fallen behind its rivals after failing to adapt to technology advances.
President Donald Trump and Intel CEO Lip-Bu Tan met last week following reports and allegations that the latter has ties to China. Trump described that meeting as meeting “very interesting” and said Tan’s “success and rise is an amazing story.”
Tan has been attempting a turnaround at the company since he took over in March. His plans include laying off 15% of Intel’s staff, which the company said it had nearly completed last month.
CNN’s Clare Duffy and Phil Mattingly contributed to this report.
The-CNN-Wire™ & © 2025 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.
SoftBank will invest $2 billion into Intel News Channel 3-12.
Hence then, the article about softbank will invest 2 billion into intel was published today ( ) and is available on News channel ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( SoftBank will invest $2 billion into Intel )
Also on site :
- Denver Fire Department responds to 3-alarm fire at intersection of Leetsdale Drive and S. Forest Street
- Trial to begin for police officer charged in delayed response to Uvalde school shooting
- China’s special envoy meets Maduro (VIDEO)