Intel Stock Jumps as SoftBank Invests $2B in Struggling Chipmaker
1. SoftBank is investing $2 billion in Intel at $23 per share. 2. This investment supports U.S. semiconductor manufacturing and Intel's role. 3. U.S. is considering a 10% stake in Intel through CHIPS Act grants. 4. Intel had unexpected losses despite beating sales estimates last quarter. 5. Shares are up 18% this year, boosted by recent developments.