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Japan's SoftBank continues US investment as it moves to gain 2% stake in chip maker Intel

Intel Corporation SoftBank Donald Trump United States LipBu Tan Masayoshi Son

Japanese technology giant SoftBank Group plans to take a $2 billion (€1.7bn) stake in computer chip maker Intel as it deepens its involvement in semiconductor manufacturing and other advanced technology in the United States, the companies said Monday.

Shares in SoftBank fell 4% Tuesday in Tokyo following the announcement, which coincided with unconfirmed reports that President Donald Trump is considering having the US government buy a stake in the chip maker.

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