Foxconn and SoftBank to make data center equipment in Ohio
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Intel Secures $2 Billion US Investment from SoftBank
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A new partner to Foxconn's AI venture in Lordstown, Japanese investment firm SoftBank, has also announced a $2 billion investment in semiconductor giant Intel.
Intel (INTC) stock climbed over 9% on Tuesday following the announcement that SoftBank Group (SFTBY) will take a $2 billion stake in the ailing chip giant. It's been a roller coaster few days for Intel.
Launched in January, the Stargate joint venture unites OpenAI, SoftBank, and Oracle to accelerate AI infrastructure investment in the US.