SoftBank Reveals Investing in Intel
(MENAFN) Japan’s tech investment giant SoftBank revealed on Tuesday that it has entered into a $2 billion investment deal with U.S.-headquartered chip manufacturer Intel.
In a joint declaration, the two companies stated, “The investment comes as both Intel and SoftBank deepen their commitment to investing in advanced technology and semiconductor innovation in the United States.”
This move signals a reinforced dedication by both firms to supporting high-tech development within the U.S.
Masayoshi Son, SoftBank’s CEO, emphasized the importance of semiconductors, calling them the core of all industries.
He stated, “For more than 50 years, Intel has been a trusted leader in innovation.”
Son further noted that this key investment illustrates their confidence in the expansion of advanced chip manufacturing and distribution within the U.S., highlighting Intel’s essential role in that process.
Intel’s CEO, Lip-Bu Tan, echoed this sentiment, saying, “We are very pleased to deepen our relationship with SoftBank, a company that’s at the forefront of so many areas of emerging technology and innovation and shares our commitment to advancing U.S. technology and manufacturing leadership.”
As part of the agreement, SoftBank Group will purchase $2 billion worth of Intel stock, at a price of $23 per share.
The statement concluded by outlining the broader ambition behind the investment: “SoftBank’s investment in Intel builds upon its long-term vision of enabling the AI revolution by accelerating access to advanced technologies that support digital transformation, cloud computing, and next-generation infrastructure.”
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