SoftBank bets $2 billion on Intel’s comeback
Key Highlights
SoftBank is set to invest $2 billion in Intel, becoming one of the company’s top-10 shareholders. The investment will be made at $23 per share, giving SoftBank a stake of just under 2% in the U.S. chipmaker. (Source: Reuters)
Intel’s Struggles
Intel has faced years of management missteps that left it lagging in the booming AI chip industry. The company’s financial difficulties deepened in 2024 when it reported an annual loss of $18.8 billion, its first loss since 1986.
