Intel shares jumped after Japanese technology investment giant SoftBank said it was buying $20 billion (£1.5 billion) in U.S. computer chip makers.
The news comes in new reports that the Trump administration is negotiating that it has made about 10% stake in Intel by converting government grants into stock.
this Potential transactionsIt was first reported last week to help Intel build its flagship manufacturing center in Ohio. At the time, a White House spokesman told the BBC that the report “should be considered speculation” unless formally announced.
The BBC has contacted the White House and Intel for comment.
SoftBank will pay $23 per share at Intel, according to a deal announced Monday.
Two companies are in Joint Statement.
Last week, U.S. President Donald Trump and cabinet members met with Intel CEO lip-bu tan.
The meeting comes days after Trump called on Mr. Tan to resign, accusing him of being “highly conflicted” due to his early ties to China.
The situation is due to the strict scrutiny of the White House in the U.S. chip industry.
last week, NVIDIA and AMD agree to pay 15% of their Chinese revenue to the U.S. government As part of an unprecedented transaction to secure export of licenses to China.
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A wellness enthusiast and certified nutrition advisor, Meera covers everything from healthy living tips to medical breakthroughs. Her articles aim to inform and inspire readers to live better every day.
