SoftBank to invest $2 billion in Intel to become a top-10 shareholder
SoftBank Group is buying a $2 billion equity stake in Intel, a move that will make it a top-10 shareholder and provide a powerful ally to the struggling US chipmaker.
The investment, announced on Monday, is a lifeline for Intel and its ambitions to manufacture chips for external customers, a project into which the company poured billions of dollars under its previous CEO.
New CEO Lip-Bu Tan has scaled back those aspirations as he tries to right the ship after years of underperformance.
