Suddenly, Intel is a hot topic again — but this time as an investment property. As the company weathers layoffs and a struggling foundry business, both the U.S. government and SoftBank plan to invest. However, it’s not so simple.

Intel announced that SoftBank Group Corp., the Japanese investment giant, would put $2 billion at $23 per share into the struggling company, with the stated goal of investing in semiconductor manufacturing in the United States. That would give it about two percent of the company, as the Wall Street Journal noted .

The real question is what the United States government is pushing for, and if it will be allowed to: essentially convert the $10.9 billion previously earmarked for Intel as part of the U.S. Chips Act into equity. Though Bloomberg reported the pro

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