Tech conglomerate SoftBank to Infuse 2 Billion Dollars into Intel Corporation
The tech world is abuzz with the latest news of a significant investment in Intel Corporation. SoftBank Group Corp, a leading Japanese technology investor, has signed a definitive securities purchase agreement to invest $2 billion in Intel.
This investment, set to take place in August 2021, is aimed at promoting advanced semiconductor innovation and manufacturing technology specifically within the United States. Masayoshi Son, Chairman and CEO of SoftBank Group, emphasised the importance of semiconductors as the foundation of every industry, expressing confidence in Intel’s long-standing leadership and the expanded role it will play in strengthening U.S. semiconductor manufacturing and supply chains.
Intel's CEO, Lip-Bu Tan, welcomed the deepening partnership with SoftBank, noting their shared commitment to advancing technology and manufacturing leadership in the U.S. The collaboration between the two companies spans decades.
The U.S. media reports suggest that the U.S. administration is involved in discussions regarding a potential investment in the chipmaker. While the exact details are still under wraps, it is estimated that the investment, if it occurs, would be a substantial one, amounting to 10.5 billion dollars.
The location of the investment is the United States, and the investment amount per share of Intel common stock is $23. It is important to note that this investment by SoftBank is a strategic move and not an advertisement.
The U.S. administration is reportedly in talks to acquire a 10% stake in the troubled chipmaker. If this investment goes through, it could mark a significant step forward in the U.S.'s efforts to boost semiconductor innovation and manufacturing within its borders.
In conclusion, the investment by SoftBank in Intel Corporation is a significant step towards promoting advanced semiconductor innovation and manufacturing technology within the United States. The collaboration between SoftBank and Intel, coupled with the potential involvement of the U.S. administration, could pave the way for a stronger U.S. semiconductor industry.
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