SoftBank Invests $2 Billion in Intel as U.S. Considers Taking 10% Stake in Chip Maker

SoftBank Group has agreed to invest $2 billion in Intel, a boost from the private sector that coincides with a U.S. government rescue effort for the embattled chip maker.

Trump administration officials are discussing taking a 10% stake in Intel in a bid to revive the company’s fortunes and bolster semiconductor manufacturing in the U.S., according to people briefed on the talks