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BTCC / BTCC Square / Global Cryptocurrency /
SoftBank and US Government Stake Plans Boost Intel Amid Struggles

SoftBank and US Government Stake Plans Boost Intel Amid Struggles

Author:
Global Cryptocurrency
Published:
2025-08-19 23:04:01
22
1
BTCCSquare news:

Intel's stock surged over 8% following SoftBank Group's announcement of a potential $2 billion investment, coupled with reports of the TRUMP administration considering a 10% stake. Treasury Secretary Scott Bessent confirmed the US government may convert $10.9 billion in CHIPS Act grants into equity to stabilize Intel's domestic manufacturing.

The chipmaker, once an industry leader, now trails rivals like AMD and Nvidia in both PC and AI markets. Its market cap has halved since 2021, prompting layoffs and shelved European expansion plans. Yet Intel remains geopolitically crucial as America's sole large-scale advanced semiconductor producer.

|Square

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