SoftBank is investing $2 billion in Intel common stock at a price of $23 per share, aligning with its focus on AI and semiconductor expansion in the US. Masayoshi Son, chairman and CEO of SoftBank, stated that the investment signifies confidence in the growth of semiconductor manufacturing in the US, with Intel being a key player. Intel expressed that the investment supports its vision for enabling the AI revolution. Following the announcement, Intel's stock experienced an increase during after-hours trading.
This strategic investment reflects our belief that advanced semiconductor manufacturing and supply will further expand in the United States, with Intel playing a critical role, said Masayoshi Son, chairman and CEO of SoftBank Group.
SoftBank has heavily invested in AI, positioning itself as a major backer of OpenAI.
Intel said in a statement that SoftBank's investment builds upon its long-term vision of enabling the AI revolution.
Intel's stock was trading up after-hours on Monday following the announcement of SoftBank's investment.
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