intel

Intel

US government to take 10% stake in Intel after Japan’s Softbank announces $2 billion investment in chipmaker

Bankinter | After Japanese company Softbank announced that it will invest $2 billion in chip manufacturer Intel, it has been confirmed that the US government will acquire a 10% stake in the company with an valuation of $1 billion. The transaction will be carried out by converting grants awarded under the previous Biden administration’s CHIPS and Science Act into equity capital. In recent years, Intel has suffered declining sales and…


Intel

Intel to invest up to €80 billion over the next decade to manufacture chips in the EU

U.S. chip giant Intel has announced an initial investment of more than 33 billion euros, rising to 80 billion over the decade, to boost microprocessor production in the European Union, including setting up a mega-factory in Germany, as well as doubling the capacity of its facilities in Ireland, along with other projects in Italy, France, Poland and Spain. This first phase includes the construction of two semiconductor factories in the…