Japan’s SoftBank to invest US$2 billion in Intel
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The stock rose more than 6% trading after Japan's SoftBank (JP:9984) agreed to invest $2 billion in the st
Intel Corp (NASDAQ:INTC) shares are trading higher Tuesday after it was announced that Softbank will invest $2 billion in the company.
Intel stock rose following news of a large SoftBank investment while Palo Alto shares jumped after a strong earnings report.
Trump administration eyes 10% Intel stake by converting federal grants, raising hopes of revival for the struggling U.S. chipmaker.
Intel Corporation sees a steep rally; speculation over U.S. stake and SoftBank investment fuels optimism, but can it overcome challenges? Click for our INTC update.
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Asianet Newsable on MSNIntel Stock Takes Off In Extended Trading After Masayoshi Son’s SoftBank Picks $2B Stake In Struggling Chipmaker — Retail Sees Huge Rally Loading
The development is part of a commitment from both sides to invest in advanced technology and semiconductor innovation in the U.S.
Intel shares are trading marginally lower Monday. The stock is digesting significant gains fueled by reports that the Trump administration is exploring a direct financial stake.