Intel gets $2 billion lifeline while slashing its own investments SoftBank is chucking US$2 billion at Troubled Chipzilla in what looks like an effort to revive its sagging foundry business and rekindle interest in its battle with the mighty TSMC.

The move is part of SoftBank's investing initiatives in the US, which also includes commitments towards AI computing. Intel, which has lagged behind in the chip race after being the erstwhile market leader,