TOKYO, Aug 19 (News On Japan) –
SoftBank Group introduced it is going to make investments about 300 billion yen in U.S. semiconductor large Intel, which has been struggling within the aggressive chip trade.
The group will buy Intel’s widespread stock at 23 {dollars} per share, totaling 2 billion {dollars}, to assist assist the corporate’s manufacturing of superior semiconductors.
Chairman and CEO Masayoshi Son commented that the funding displays expectations that Intel’s cutting-edge semiconductor applied sciences and provide chain will advance additional within the United States.
Intel has additionally been the topic of discussions in Washington, with U.S. media reporting on August 18th that the Trump administration is negotiating to amass a ten % stake. If realized, the U.S. authorities would develop into the biggest shareholder, accelerating Intel’s turnaround below authorities assist.
Source: テレ東BIZ