Japan’s SoftBank to invest US$2 billion in Intel
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Federal officials are considering the move because Intel, the last leading-edge chipmaker in the United States, has been struggling.
The White House is considering taking a 10% stake in chipmaker Intel per reports as talks with the company and Trump's team advance.
The Trump Administration is reportedly in talks with Intel for a roughly $10 billion investment in the languishing chipmaker..
The stock rose 6% in premarket trading after Japan's SoftBank (JP:9984) agreed to invest $2 billion in the
While Grove's focused boldness worked, Tan's way forward must be more nuanced, balancing boldness with humility while resisting the urge to “fix” everything at once.
The latest developments in the ongoing soap opera that is Intel sees the federal government considering purchasing a stake in the company in a bid to speed up completion of its delayed advanced fabrication facilities, while yet another executive is casting aspersions on CEO Lip-Bu Tan.
The federal government is considering an investment that would convert some or all of the company's grants from the U.S. Chips and Science Act into equity, unnamed sources told Bl
Intel stock was down 3.9% after Bloomberg reported that the Trump administration could convert Chips Act grants into a 10% equity stake in Intel.