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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 174.23-0.6%Dec 22 3:59 PM EST
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From: GR8FORM8/18/2025 8:41:18 PM
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OT: SoftBank to invest $2 billion in Intel

Reuters
Mon, August 18, 2025 at 4:19 PM PDT 1 min read

In this article:


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(Reuters) -SoftBank Group signed an agreement to make a $2 billion investment in American chipmaker Intel, the two companies said in a joint statement on Monday.

As per the agreement, the Japanese company said it will pay $23 per share in Intel common stock.

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Intel Corporation (INTC)

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At close: 4:00:02 PM EDT

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After hours: 7:51:09 PM EDT



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Bloomberg News reported earlier on Monday that the U.S. government is in talks to take a 10% stake in Intel. This comes after President Trump called for the resignation of the company's CEO Lip-Bu Tan earlier this month.

Media reports had said last week that the U.S. government may buy a stake in Intel, after a meeting between CEO Lip-Bu Tan and President Donald Trump that was sparked by Trump's demand for the new Intel chief's resignation over his ties to Chinese firms.

Intel did not immediately respond to a Reuters request for comment, while SoftBank said it could not add further details beyond what's in the release.

(Reporting by Angela Christy in Bengaluru; Editing by Maju Samuel and Alan Barona)
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