SoftBank Group will invest $2bn in Intel’s common stock through a definitive securities purchase agreement. This investment comes as Intel implements cost-cutting measures. SoftBank will acquire shares at $23 each, contingent upon standard closing conditions. Intel CEO expresses excitement over deepening relationship with SoftBank. The deal reflects a commitment to US technology and manufacturing leadership. US government in talks with Intel for potential investment. President Trump called for the removal of Intel CEO over concerns about Chinese associations.

Read more at Yahoo Finance: SoftBank to buy $2bn stake in Intel