Intel Gets $2B SoftBank Investment & White House Mulls 10% Stake: Stock Surge, CHIPS Act Conversion, & National Security Implications
Intel Gets $2B SoftBank Investment & White House Mulls 10% Stake: Stock Surge, CHIPS Act Conversion, & National Security Implications Key Takeaways SoftBank invests $2 billion in Intel at $23 per share, acquiring roughly 2% of outstanding shares Trump administration considers converting $10.9 billion CHIPS Act grants into 10% government equity stake Intel stock surged 6% in after-hours trading following SoftBank announcement Government stake would make Washington Intel's largest shareholder worth approximately $10.4 billion Commerce Secretary Lutnick confirms government must receive equity in exchange for CHIPS Act funds Intel already received $7.86 billion in finalized CHIPS Act funding for domestic semiconductor projects National security implications drive government intervention in struggling chipmaker Intel lost 60% of stock value in 2024 amid AI market dominance by competitors The Japanese Money Arrives SoftBank dropped $2 billion on Intel stock at $23 per share, grab...