Japanese technology investment giant SoftBank said it is buying a $ 2BN (£ 1.5BN) stake in the US computer chip manufacturer.
A few hours after the new reports, it was announced that the Trump administration was negotiating to take a stake of about 10% in Intel by converting the government’s grants into shares.
Potential deal, which was first reported last week, aims to help Intel to create a major manufacturing center in Ohio. At that time, a spokesman for the White House told the BBC that the report should be “considered as speculation” until officially announced.
The BBC has approached the White House and Intel for comments.
Under the deal declared on Monday, SoftBank will pay $ 23 per share in Intel.
The two companies said, “Both Intel and SoftBank deepen their commitment to invest in advanced technology and semiconductor innovation in the United States as investment.” A joint detail,
Last week, US President Donald Trump and his cabinet members met Intel’s Chief Executive Lip-Bow Tan.
A few days after the meeting, Trump called Shri Tan to resign, accusing him of being “highly disputed” due to his first relations of China.
The US chip industry is under intensive investigation by the White House.
Last week, Nvidia and AMD agreed to pay 15% of their Chinese revenue to the US government as part of an unprecedented deal to secure export license to China.
