Japan’s SoftBank to invest US$2 billion in Intel
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SoftBank Group is investing $2 billion in Intel, signaling confidence in the struggling U.S. chipmaker amid a significant turnaround. The investment positions SoftBank as a top-10 shareholder, amidst Intel's recent financial struggles and attempts to regain its footing in the competitive AI chip industry.
Current and former OpenAI employees plan to sell approximately $6 billion worth of shares to an investor group that includes Thrive Capital, SoftBank Group Corp. and Dragoneer Investment Group, in a deal that values the ChatGPT maker at $500 billion.
Hon Hai Precision Industry Co. will operate a US factory owned by SoftBank Group Corp., setting up what’s in the running to be the first manufacturing site in the Japanese company’s $500 billion Stargate venture with OpenAI and Oracle Corp.