Japan’s SoftBank has agreed to invest $2bn in Intel, supporting the troubled US chipmaker as the Trump administration considers its own investment in the company.
Under the terms of a definitive securities purchase agreement, SoftBank would buy $2bn worth of Intel common stock directly from the company, paying $23 a share, with the transaction subject to the usual closing conditions.
SoftBank chair and chief executive Masayoshi Son said the investment underscored SoftBank’s “commitment to advancing US technology and manufacturing leadership”.
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