Intel and SoftBank said Monday that the Japanese conglomerate will invest $2 billion in the struggling U.S. chipmaker.

Shares in the chip maker rose following news of SoftBank’s planned investment and a possible stake for the U.S. government.

The Apple product manufacturer sold the Lordstown, Ohio, facility to the Japan-based conglomerate for $375 million.

The deal coincides with unconfirmed reports that the Trump administration is considering a minority government stake in the ...

SoftBank Group is buying a US$2 billion equity stake in Intel, a move that will make it a top-10 shareholder and provide a ...

A Trumbull County commissioner says he anticipates between 1,600 and 2,000 people to be employed at the former GM Lordstown ...

Japanese tech investor SoftBank Group Corp. plans to acquire a $2 billion stake in American chipmaker Intel Corp.

Foxconn finally revealed the buyer for its Lordstown, Ohio facility: SoftBank. The facility, which was designed for electric ...

Americans are also leery about military applications for AI, the Reuters/Ipsos poll showed. Some 48% of respondents said the government should never use AI to determine the target of a military strike ...

Intel secures $2bn investment from SoftBank GroupSoftBank lines up Stargate factory in OhioDeutsche Telekom and Nvidia pitch ...

Americans are deeply concerned over the prospect that advances in artificial intelligence could put swaths of the country out ...

SoftBank’s investment in Intel comes less than a week after it was claimed that the Trump administration was reportedly in ...