SoftBank is investing $2 billion in Intel as part of its AI bet

SoftBank plans to invest $2 billion in Intel common stock.Ying Tang/NurPhoto via Getty ImagesSoftBank is investing $2 billion in Intel common stock, paying $23 per share.The investment aligns with SoftBank's focus on AI and semiconductor expansion in the US.Intel's stock rose after-hours following the announcement.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, chairman and CEO of SoftBank Group, 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.Intel's stock was trading up after-hours on Monday following the announcement of SoftBank's investment.Read the original article on Business Insider

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