SoftBank Group Corp. has agreed to invest $2 billion in Intel Corp., signaling confidence in the chipmaker and extending SoftBank’s US investment footprint.
The Japanese conglomerate will purchase Intel common shares at $23 each, according to a joint statement released Monday. The deal, aimed at strengthening both companies’ commitment to US semiconductor innovation, is subject to customary closing conditions.
Following the announcement, Intel shares rose about 5% in after-hours trading, closing the day at $23.66 and marking an 18% gain year-to-date.
SoftBank has been actively expanding its presence in the US, including acquiring Foxconn Technology Group’s electric vehicle plant in Ohio and launching the Stargate data center project with OpenAI and Oracle Corp.
Intel, meanwhile, is working to regain its position as a leader in the semiconductor industry after falling behind competitors. The company has also engaged in discussions with the Trump administration regarding a potential 10% stake in Intel by the US government.
SoftBank CEO Masayoshi Son praised Intel’s legacy, stating, “For more than 50 years, Intel has been a trusted leader in innovation. This strategic investment reflects our belief that advanced semiconductor manufacturing and supply will further expand in the United States, with Intel playing a critical role.”
Intel CEO Lip-Bu Tan welcomed the investment, saying, “We are pleased to deepen our relationship with SoftBank, a company at the forefront of emerging technology and innovation. We appreciate the confidence placed in Intel with this strategic investment.”
