SoftBank to invest $2 billion in Intel

(Reuters) -Softbank Group said in a statement on Monday that he signed an agreement to an investment of $ 2 billion in American chipset Intel.

According to the agreement, the Japanese company Intel said he would pay $ 23 per share during the stock.

Bloomberg News, early on Monday in the early hours of the US government in Intel’de 10% shares to get negotiations, he said. This comes after asking for the resignation of Lip-Bu Tan, CEO of the company’s CEO at the beginning of this month.

Media reports, last week, the US government’s CEO Lip-Bu Tan and President Donald Trump between Trump’s new Intel chief’s vineyards with Chinese companies on the request of the resignation of an Intel’s request, he said.

Intel did not respond immediately to a Reuters comment request, and Softbank said he could not add more details beyond the version.

(Reporting by Angela Christy in Bengaluru; Editing Maju Samuel and Alan Barona)