SoftBank Group has announced a partnership with Intel through a definitive securities purchase agreement. As part of this agreement, SoftBank will invest a substantial $2 billion in Intel common stock.
Under the agreed-upon terms, SoftBank will acquire shares for $23 each, marking a strategic investment in one of the world’s leading technology companies.
The closing of this deal is contingent upon meeting customary conditions and ensuring that all regulatory and corporate requirements are satisfied.
By investing in Intel, SoftBank aims to accelerate access to cutting-edge technologies that are essential for digital transformation, cloud computing, and the development of next-generation infrastructure.
This investment will make SoftBank a major shareholder of Intel. And it adds to the firm’s investments in semiconductor and AI assets, which include a $500 billion Stargate U.S. data center project.
KEY QUOTES:
“Semiconductors are the foundation of every industry. For more than 50 years, Intel has been a trusted leader in innovation. 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, Chairman & CEO of SoftBank Group Corp., said:
“We are very pleased to deepen our relationship with SoftBank, a company that’s at the forefront of so many areas of emerging technology and innovation and shares our commitment to advancing U.S. technology and manufacturing leadership. Masa and I have worked closely together for decades, and I appreciate the confidence he has placed in Intel with this investment.”
Lip-Bu Tan, CEO of Intel
