SoftBank to Invest 300 Billion Yen in U.S. Chipmaker Intel

TOKYO, Aug 19 (News On Japan) - SoftBank Group announced it will invest about 300 billion yen in U.S. semiconductor giant Intel, which has been struggling in the competitive chip industry.

The group will purchase Intel’s common stock at 23 dollars per share, totaling 2 billion dollars, to help support the company’s production of advanced semiconductors.

Chairman and CEO Masayoshi Son commented that the investment reflects expectations that Intel’s cutting-edge semiconductor technologies and supply chain will advance further in the United States.

Intel has also been the subject of discussions in Washington, with U.S. media reporting on August 18th that the Trump administration is negotiating to acquire a 10 percent stake. If realized, the U.S. government would become the largest shareholder, accelerating Intel’s turnaround under government support.

Source: テレ東BIZ

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