Intel gets investing in $ 2 billion from SoftBank

Intel and Softbank announced On Monday, the Japanese conglomerate will make an investment of $ 2 billion, which was scared with Intel chips.

SoftBank will pay $ 23 per share for ordinary Intel shares. Intel’s shares increased by 4% in advanced trade.

Investing is a trust in Intel, which failed to use the AI boom in advanced semiconductors.

Last year, Intel’s shares lost 60% of their cost, and their worst rates in the company for more than half a century in the public market. As of closing Monday, 18% increased by 18%.

In the last days, Intel has been a discussion topic in Washington because the company is considered a critical US provider because it is the only American company capable of producing the most up -to -date chips.

However, Intel’s business production is not yet provided with a foundry business, which will be a critical step towards stabilization and expansion. Last month, Intel said he expected to secure the client before he made certain investments into his false factory.

Last week, Intel Lip-Bu Tan CEO met with President Donald Trump after the President called For Tana’s resignation.

“This strategic investment reflects our belief that advanced production and semiconductor deliveries will be further expanded in the US, with Intel plays an important role,” said SoftBank Masayoshi Son.

“Mass and I have been closely cooperating for decades, and I appreciate the confidence he posted in Intel with this investment,” the Intel Lip-Bu Tan CEO said in a statement.

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