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Tom’s Hardware
Tom’s Hardware
Technology
Hassam Nasir

Softbank reportedly considered buying Intel's foundry division outright before investing $2 billion into the company as equity

Intel Foundry.

SoftBank today announced its intent to purchase a historic $2 billion worth of Intel shares—a roughly 2% stake—making it one of the largest shareholders of the American chipmaker. However, the Financial Times reports that just days before the deal was inked, Softbank actually considered buying Intel's foundry division outright.

This follows another unprecedented report that the White House is considering a 10% stake in Intel, utilizing grants from the CHIPS Act and converting them into equity.

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