NEW YORK, August 25 — SoftBank Group Corp will invest US$2 billion in Intel Corp, acquiring common stock at US$23 per share in a move that will make the Japanese conglomerate one of Intel’s top-10 shareholders.
The deal, announced in a joint statement by both companies, is subject to closing conditions. Intel’s shares, which closed at US$23.66 in New York, rose more than 5% in late trading following the news.
The investment underscores SoftBank’s push into U.S. technology and artificial intelligence, while providing Intel with a much-needed boost as the chipmaker works to reclaim leadership in the global semiconductor industry.
SoftBank Chairman and CEO Masayoshi Son called semiconductors “the foundation of every industry,” expressing confidence in Intel’s role in advancing U.S. semiconductor manufacturing and supply.
Intel CEO Lip-Bu Tan welcomed the deal, highlighting the companies’ long-standing relationship. “We are very pleased to deepen our relationship with SoftBank, a company that shares our commitment to advancing U.S. technology and manufacturing leadership,” he said.
The move comes amid speculation that the U.S. government itself may also take a stake in Intel, further highlighting the company’s strategic importance.
