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Benedict Collins

Intel saved? Softbank is investing $2 billion in beleagured chipmaker - and the Trump administration may still take a stake too

Intel Corporation Donald Trump SoftBank the Trump Administration Trump Administration LipBu Tan the US Government
A mockup of the Intel LGA 1851 motherboard socket.
  • SoftBank has announced a $2 billion investment deal with Intel
  • The Trump Administration may also be looking to strike a deal
  • Intel's stock price has jumped as a result of both announcements

After several recent turbulent exchanges between President Trump and Intel CEO Lip-Bu Tan, the US Government may be about to take a 10% stake in 10% in Intel Corp.

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