Intel shares jump as Softbank to buy $2bn stake in chip giant
Intel shares, Japanese technology investment giant Softbank, the US computer chip manufacturer of $ 2 billion ($ 1.5 billion) said that the share.
The announcement arrived just a few hours after the new reports that the Trump administration had negotiated about 10% in Intel by converting government grants into stocks.
The first potential agreement last week aims to help Intel create an flagship production center in Ohio. At that time, a White House spokesman BBC told the BBC that the reports should “be accepted as speculation unless officially announced.
BBC contacted the White House and Intel for a comment.
Within the scope of the agreement on Monday, Softbank Intel will pay $ 23 per share.
“Investment comes as the investment deepens both Intel and Softbank’s commitment to investing in advanced technology and semiconductor innovation in the United States.” He said. a common expression.
Intel shares increased by more than 5% after trade in New York on Monday.
Last week, US President Donald Trump and members of the cabinet met Lip-Bu Tan, Intel CEO.
The meeting arrived a few days after Trump asked Mr. Tan to resign, and he accused him of being “extremely contradictory” because of his previous ties with China.
Developments were under intensive examination by the White House, the US chip industry.
Some analysts described Intel’s potential agreement with the US government as a life line for the company.
Intel is one of the few US companies that can scal the senior semiconductors.
But globally, he lost rival chip manufacturers such as Samsung and TSMC.
On Thursday, the company refused to comment on the debate reported and said that it was “very dependent on supporting President Trump’s efforts to strengthen production and technology in the United States.
Political scientist Sarah Bauerle said that such an agreement would be a “great rise” that seems to be the attempt to reshape the role of the US government in the private sector.
However, the potential movement said that he put something about the “precedent” because he raised questions about whether companies can be pushed to follow the political agenda.
Dan Sheehan, one of Telos asset consultant, says Washington’s determination to ensure Intel’s success and the supply chain for computer chips are protected.
“[The Government’s] The agenda is open: accelerate domestic production, reduce dependence on Asia and position Intel at the center of the AI and national security view. “
The authority added that Softbank’s investment was a “open confidence vote” on Intel’s return.
Last week, Nvidia and AMD agreed to pay 15% of Chinese revenues to the US government as part of an unprecedented agreement to secure export licenses to China.
