SoftBank Group Corp. (SFTBY.PK) has agreed to invest $2 billion in Intel Corp. (INTC) common stock, signaling a strategic move as both companies deepen their commitment to advancing technology and semiconductor innovation in the United States.
Under the terms of the agreement, SoftBank will pay $23 per share of Intel common stock. The transaction is subject to customary closing conditions.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.