(Bloomberg) – Softbank Group Corp has agreed to $ 2 billion in Intel Corp. Share for sale, a step that expands its US investment effort and provides a confidence in the struggling chipmaker. Softbank will pay $ 23 per share for Intel ordinary shares on Monday. The agreement, which the companies describe as an attempt to deepen their commitment to US chipinnovation, will be subject to usual closing conditions. Intel shares jumped by about 5% after the announcement. They closed at $ 23.66 in New York after a year to date of 18%. Softbank, based in Tokyo, expands its American footprint. This includes a recent agreement to buy the electric vehicle plant from Foxconn Technology Group in Ohio and a data center project with Openai and Oracle Corp. called Stargate. Intel, meanwhile, wants to prove that it can be a technological leader again after falling in the chip industry. It also held discussions with the Trump administration about an agreement that the US might make in its biggest supporter. Bloomberg reported earlier on Monday that administration officials have a stake of about 10% in the chipmaker. In the announcement of his investment in Intel, Softbank paid tribute to the history of the chip Pioneer. “Intel has been a reliable leader in innovation for over 50 years,” Softbank CEO Masayoshi Son said in the statement. “This strategic investment reflects our belief that advanced semiconductor manufacturing and offer in the United States will further expand, with Intel a critical role.” Intel CEO Lip-Bu Tan, a veteran in the chip industry who took on the moved earlier this year, has previously worked with Son. “We are very pleased to deepen our relationship with Softbank, a business that is at the forefront of so many areas of emerging technology and innovation and shares our dedication to promoting US technology and manufacturing leadership,” he said in the statement. “I appreciate the confidence he put in this investment in Intel.” (Update shares in third paragraph.) More stories like these are available on Bloomberg.com © 2025 Bloomberg MP
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