Intel Stock Rises 5% as SoftBank Invests $2 Billion
Intel shares increased after SoftBank announced a $2 billion investment in the chip company. The Trump administration is also considering investing in Intel.
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Intel received important news about two major investments. SoftBank agreed to invest $2 billion in Intel by buying shares at $23 each. This will give SoftBank less than 2% of the company.
The U.S. government is also thinking about buying 10% of Intel for national security reasons. Intel is having serious business problems right now.
The company lost $18.8 billion in its chip-making business in 2024, even after receiving $8.5 billion in government help. Intel is having trouble competing with companies like Taiwan Semiconductor, AMD, and Arm Holdings. The company's new technology has problems, making it difficult to keep up with competitors in AI and advanced chips.
However, Intel's stock has done well this year, going up 17%. These potential investments from SoftBank and the government could give Intel the support it needs.
Original Article
benzinga.comhttps://www.benzinga.com/markets/tech/25/08/47200108/intel-stock-jumps-over-5-after-hours-as-softbank-buys-2-billion-stake-trump-administration-weighs-in