Japan’s SoftBank to invest US$2 billion in Intel
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Stocktwits on MSNIntel Stock Takes Off In Extended Trading After Masayoshi Son’s SoftBank Picks $2B Stake In Struggling Chipmaker — Retail Sees Huge Rally Loading
Intel Corp. (INTC) stock surged nearly 5.5% in extended trading on Monday after the struggling chipmaker announced that the company struck a deal with Masayoshi Son-led SoftBank (SFTBY) regarding a $2 billion strategic investment.
PayPay has filed for a US listing that could value Japan’s ubiquitous payments company at more than $10bn and help fund some of owner SoftBank’s massive bets on artificial intelligence.
SoftBank Group founder Masayoshi Son reclaimed the crown as Japan’s richest person with shares of his Tokyo-listed investment conglomerate surging over 60% this year.
SoftBank’s Vision Fund 2 has performed so terribly it seems like fiction. Yet SoftBank Group’s stock hit an all-time high on Tuesday.To followers of SoftBank founder Masayoshi Son, none of this is surprising.