SoftBank makes $2B investment in Intel
Softbank will pay $23 per share for Intel common stock.
Softbank will pay $23 per share for Intel common stock.
This deal would be meant to help Intel bulk up its U.S. chip manufacturing, including its much-delayed Ohio factory.
President Donald Trump has called for Lip-Bu Tan to immediately resign as Intel’s CEO over his reported ties to Chinese tech firms. The demand follows Arkansas Senator Tom Cotton questioning Intel’s board chairman whether Tan’s alleged connections to China would conflict with security regulations. “The CEO of INTEL is highly CONFLICTED and must resign, immediately,” […]
Trump’s post comes after Republican Senator Tom Cotton on Wednesday wrote to Intel’s board of directors, asking about Tan’s ties to China, his investments in the country, and raised concerns about his time leading Cadence Design Systems, which had a Chinese military university as a customer.
This announcement comes as the Trump administration is also mulling over its approach to AI chip export restrictions.
Intel will remain an anchor investor in the stand-alone company, which produced $5.8 billion in revenue in 2024.
From leadership changes at legacy semiconductor companies to wishy washy policy around chip exports, a lot has happened already.
Intel cancelled multiple manufacturing projects in Europe and delayed its Ohio chip plant for the second time this year.
In April, Intel attempted to announce layoffs without announcing layoffs. “We have not set any headcount reduction target,” Intel spokesperson Sophie Metzger told The Verge. But the company has laid off thousands of employees since — and today, in the company’s Q2 2025 earnings, it has revealed that Intel will dramatically shrink as a result of […]
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