SoftBank is investing $2 billion in Intel
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Intel Corp. shares jumped in after-hours trading Monday after the chipmaker announced a $2 billion investment by Japan’s SoftBank Group Corp.
The move is part of SoftBank's investing initiatives in the US, which also includes commitments towards AI computing. Intel, which has lagged behind in the chip race after being the erstwhile market leader,
Federal officials are considering the move because Intel, the last leading-edge chipmaker in the United States, has been struggling.