AssetID: 54993720
Headline: UNCAPTIONED: SoftBank to Buy $2 Billion Stake in Intel, Shares Soar
Caption: SoftBank to Buy $2 Billion Stake in Intel, Shares Soar. Intel shares jumped after Japanese investment giant SoftBank announced it will buy a $2 billion stake in the US chipmaker. The move comes amid reports that the Trump administration is exploring taking a roughly 10% stake in Intel by converting government grants into shares, a plan aimed at supporting a major new manufacturing hub in Ohio. Under the deal, SoftBank will pay $23 per Intel share. Both companies said the investment reflects their commitment to advancing semiconductor technology in the US. Following the announcement, Intel shares rose more than 5% in after-hours trading. The developments follow a meeting last week between President Trump, his cabinet, and Intel CEO Lip-Bu Tan who had recently faced calls to resign over past China connections. Analysts suggest a potential US government stake could be a crucial lifeline for the company amid heightened scrutiny of the US chip industry. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,SoftBank,buy,$2 billion,stake,shares,announced,US,President,Donald Trump,chipmaker,government grants,manufacturing hub,Ohio,major,Trump administration,semiconductor,tech
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