SoftBank to buy $2bn in Intel shares
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SoftBank Group Corp. agreed to buy $2 billion of Intel Corp. stock, a surprise deal to shore up a struggling US name while boosting its own chip ambitions. The Japanese company, which is adding Intel to an investment portfolio that includes AI linchpins Nvidia Corp.
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Asianet Newsable on MSNIntel Stock Takes Off In Extended Trading After Masayoshi Son’s SoftBank Picks $2B Stake In Struggling Chipmaker — Retail Sees Huge Rally Loading
The development is part of a commitment from both sides to invest in advanced technology and semiconductor innovation in the U.S.
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.