SoftBank is investing $2 billion in Intel. This will make SoftBank a top shareholder. However, SoftBank will not seek a board seat. Also, they will not commit to buying Intel chips. Intel shares are expected to rise. SoftBank shares are expected to fall. This investment is a vote of confidence for Intel. Intel is currently working on a turnaround effort.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets