Intel secures $2bn lifeline from Japan’s SoftBank
by Lauren Almeida from Technology | The Guardian on (#6ZDDT)
Shares in chip maker rise amid reports US government is also considering taking a stake
SoftBank has agreed to invest $2bn (1.5bn) in Intel, amid reports that Donald Trump's administration is also considering a stake in the struggling US chip maker.
The Japanese technology investor announced the multibillion-dollar deal on Tuesday, in a move expected to give it a 2% stake in the business.
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