Japan’s SoftBank to invest US$2 billion in Intel
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SoftBank Group is buying about 2% of Santa Clara, California's Intel, the storied U.S. chipmaker that has lost ground in recent years in the race to build better and faster semiconductors. The deal is the biggest investment by a Japanese company into the United States since the two countries reached a trade agreement on July 22.
The Trump administration wants a return on money the struggling semiconductor maker gets under the Biden-era CHIPS Act.