Intel, SoftBank
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U.S. Commerce Secretary Howard Lutnick on Tuesday confirmed the U.S. government is vying for a 10% stake in Silicon Valley pioneer Intel in an unusual deal that would deepen the Trump administration’s
Intel shares jumped after SoftBank said it would put $2 billion into the struggling chipmaker amid reports the U.S. government is considering a stake.
Softbank claims in a recent press release that Nintendo is one of several companies who will supply parts from Intel.