After Tension With Washington, Intel Is Suddenly a Hot Asset
Earlier this month, President Donald Trump publicly called on Intel CEO Lip-Bu Tan to resign. Photo by Andrej Sokolow/picture alliance via Getty Images
In its latest push into A.I. and semiconductors, SoftBank yesterday (Aug. 18) announced a $2 billion investment in Intel. The Masayoshi Son-led conglomerate purchased shares at a slight discount—$23 each—giving it about a 2 percent stake in the struggling U.S. chipmaker.
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