Intel will receive a $ 2 billion lifeline from SoftBank

Softbank will invest two billion dollars in Intel, where the faltering chips make up to spend He puts thousands From the workers. in advertisementSoftbank Masayoshi Son said that the investment is in line with the company’s belief that “manufacturing and supplying semiconductors will be expanded in the United States.”

The news comes Amid reports The United States government plans for a 10 percent stake in Intel. during Interview with CNBC On Tuesday, Treasury Secretary Scott Payet said that “the share will be a transformation of grants” aimed at “the company’s stability to produce chips here in the United States.”