SoftBank is investing $2 billion in Intel common stock, paying $23 per share.
The investment fits with SoftBank’s focus on AI and semiconductor expansion in the US.
Intel’s stock rose after hours, while SoftBank’s shares fell.
SoftBank is betting big on semiconductors in the age of AI.
The investment holding company is investing $2 billion in Intel common stock, the companies announced on Monday. Under the agreement, SoftBank will pay $23 per share.
“This strategic investment reflects our belief that advanced semiconductor manufacturing and supply will further expand in the United States, with Intel playing a critical role,” Masayoshi Son, the chairman and CEO of SoftBank, said in a statement.
Intel said in a statement that SoftBank’s investment “builds upon its long-term vision of enabling the AI revolution.”
Intel and SoftBank did not immediately respond to requests for comment from Business Insider.
SoftBank has heavily invested in AI, positioning itself as a major backer of OpenAI.
Intel, a producer of semiconductors, or chips, which are critical for powering AI, saw its stock surge on Friday after Bloomberg reported the US government was considering taking a stake in the company.
Earlier last week, President Donald Trump praised Intel’s CEO, Lip-Bu Tan, after previously criticizing him and calling for his resignation.
Shares of SoftBank gained at the open on Tuesday before falling sharply. They were trading 4.4% lower at 10 a.m. local time in Tokyo.
Intel’s stock was trading up after hours on Monday.
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