Intel secures $2bn lifeline from Japan’s SoftBank
Intel, the struggling US chip maker, has received a $2 billion lifeline from Japan's SoftBank. The investment, which is expected to give SoftBank a 2% stake in Intel, comes amid reports that the US government is also considering taking a stake in the company. The deal, announced on Tuesday, is seen as a significant boost for Intel, which has been facing challenges in the semiconductor industry. The investment from SoftBank, a major technology investor, is expected to provide much-needed financial support and strategic guidance to the company. The news has had a positive impact on Intel's share price, with the stock rising amid the announcement. The deal is seen as a vote of confidence in Intel's ability to navigate the competitive landscape and regain its footing in the rapidly evolving semiconductor market.
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