SoftBank will make investments $2 billion into Intel because the struggling chipmaker pulls again on spending and lays off hundreds of staff. In an announcement, SoftBank CEO Masayoshi Son mentioned the funding aligns with the agency’s perception that “superior semiconductor manufacturing and provide will additional broaden in the US.”
The information comes amid reviews that the US authorities plans to take a ten p.c stake in Intel. Throughout an interview with CNBC on Tuesday, Treasury Secretary Scott Bessent mentioned the “stake could be a conversion of grants” meant to “stabilize the corporate for chip manufacturing right here within the US.”
