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Benzinga
Benzinga
Business
Ananya Gairola

Intel Stock Jumps Over 5% After Hours As SoftBank Buys $2 Billion Stake, Trump Administration Weighs Investment

Intel Corporation SoftBank Donald Trump Nasdaq SoftBank Group LipBu Tan United States
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Intel Corporation (NASDAQ:INTC) surged in after-hours trading after SoftBank Group (OTC:SFTBF) (OTC:SFTBY) agreed to inject $2 billion into the chipmaker amid reports that the Donald Trump administration is weighing a 10% stake in the company.

SoftBank Steps In With $2 Billion Bet

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