Intel shares rise premarket as SoftBank investment chips in
ReutersAug 19, 2025 8:08 AM
Intel INTC.O shares jump 6% to $25 in premarket trading, following a $2 bln investment from Japan's SoftBank Group 9984.T
Investment seen as strong endorsement of Intel's efforts to revive its chipmaking business and regain tech leadership
SoftBank to become sixth-largest Intel shareholder, according to LSEG data
Co won't seek a board seat or commit to buying Intel chips, says source
Intel CEO Lip-Bu Tan thanks SoftBank CEO Masayoshi Son for backing; Tan previously served on SoftBank's board
Deal follows reports that the U.S. government may buy a stake in Intel, after Tan's meeting with President Trump
SoftBank shares fall almost 5% in Tokyo; Intel gains as investors welcome fresh capital amid turnaround efforts
INTC up ~18% YTD
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