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~ SoftBank is buying roughly 2% of Intel’s outstanding shares in a $2 billion investment in the chipmaker.
~ Intel shares lost 60% of their value last year as the company failed to gain traction in the artificial intelligence market that’s dominated by Nvidia.
~ The investment is a vote of confidence in Intel, which has spent heavily to stand up a manufacturing business but hasn’t yet secured a significant customer.
~ SoftBank is buying roughly 2% of Intel’s outstanding shares in a $2 billion investment in the chipmaker.
~ Intel shares lost 60% of their value last year as the company failed to gain traction in the artificial intelligence market that’s dominated by Nvidia.
~ The investment is a vote of confidence in Intel, which has spent heavily to stand up a manufacturing business but hasn’t yet secured a significant customer.
IMO, this cash investment is exactly what Intel urgently needs and is a step in the right direction. Intel must improve its financial position as soon as possible before it gets out of control.
