SoftBank invests $2B in Intel
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Intel will receive a $2 billion capital injection from Japanese technology giant SoftBank Group, marking a major show of confidence in the struggling
Softbank claims in a recent press release that Nintendo is one of several companies who will supply parts from Intel.
US Commerce Secretary Howard Lutnick said Tuesday that chipmaker Intel should give the government an equity stake in the company in exchange for grants earlier committed by former president Joe Biden's administration.
The billionaire investor often called Japan's Warren Buffett is making a huge bet on a legendary US firm. Shares jumped eight percent.