AI Summary
SoftBank will invest US$2 billion in Intel, acquiring a near 2% stake through a primary issuance at US$23 per share. This makes SoftBank Intel's sixth-largest shareholder. This investment follows SoftBank's recent large-scale tech investments in OpenAI and the Stargate data center project. The US government is also reportedly considering converting some or all of its Chips Act grants to Intel into a 10% equity stake, potentially becoming Intel's largest shareholder.
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