U.S. confirms plans to invest in Intel, following SoftBank

Here is a 186-word summary of the news article: Intel is in the spotlight as both the U.S. government and SoftBank, the Japanese investment giant, plan to invest in the struggling semiconductor company. SoftBank will invest $2 billion at $23 per share, giving it around 2% of Intel. The more significant move is the U.S. government's plan to essentially convert the $10.9 billion previously earmarked for Intel under the CHIPS Act into an equity stake, which could amount to around 10% of the company. This would give the government a return on its investment for American taxpayers. Intel has faced challenges, reporting a $2.9 billion loss for the second quarter with flat revenue. The company's future in chip manufacturing is uncertain, as it struggles to find a high-volume customer for its next-generation 14A process technology. Meanwhile, rival AMD continues to gain ground, especially in desktop CPUs, though Intel remains dominant in mobile and server chips. The proposed government investment in Intel aims to bolster U.S. semiconductor manufacturing, but the details and Intel's agreement are still unclear.