SoftBank Invests $2 Billion in Intel, Bolstering Semiconductor Innovation
Summary
SoftBank Group Corp. invests $2 billion in Intel at $23 per share, deepening their commitment to semiconductor innovation and AI technology in the United States.
Key Points
- SoftBank Group Corp. signs a $2 billion investment agreement to buy Intel common stock at $23 per share
- The investment deepens the commitment of both companies to investing in advanced technology and semiconductor innovation in the United States
- The transaction is subject to customary closing conditions and builds upon SoftBank's long-term vision of enabling the AI revolution