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Labrish
Nyuuz
Trump's CHIPS Act gambit leaves Intel to beg SoftBank for cash
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[QUOTE="Munyaradzi Mafaro, post: 56979, member: 636"] SoftBank announced plans to acquire up to $2 billion in Intel common stock at $23 per share. The Japanese investment giant will purchase approximately 86.956 million shares, securing a position among Intel's top ten shareholders. Intel's stock closed regular trading at $23.66 before rising five percent during after-hours sessions. The investment reflects SoftBank's confidence in American semiconductor manufacturing expansion. The Trump administration is considering a simultaneous purchase of a ten percent stake in Intel through converted CHIPS Act funding. Intel previously received $7.9 billion in grants and access to $11 billion in loans under the federal initiative. The Pentagon's Secure Enclave program provides an additional $3 billion. Converting existing grants to equity would require approximately $2.1 billion in new government investment for the ten percent position. Intel's current market capitalization stands near $103 billion, with shares gaining nearly twenty percent over five trading days. [/QUOTE]
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Labrish
Nyuuz
Trump's CHIPS Act gambit leaves Intel to beg SoftBank for cash
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