SoftBank Invests $2 Billion In Intel As Part Of A Broader Move To Gain Exposure To "Semiconductor Innovation In The United States"

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Intel's hype machine appears poised to rev into high gear again, this time courtesy of a significant investment by none other than the Japanese giant SoftBank.

To wit, SoftBank has just announced its intention to purchase up to $2 billion worth of Intel common share. With the deal pricing each share at $23, SoftBank's investment in Intel is likely to amount to 86.956 million shares. For reference, the stock closed today's regular trading session at $23.66.

The move is part of SoftBank's commitment to gain exposure to the expanding semiconductor fabrication footprint in the US, and the Japanese conglomerate's belief that Intel would play a "critica