A week after the U.S. President publicly urged Intel’s new CEO, Lip‑Bu Tan, to step down over alleged ties to Chinese companies, SoftBank Group threw the embattled U.S. chipmaker a $2 billion lifeline. Intel will issue new shares to SoftBank at $23 each, just under a 2% stake that instantly puts the Japanese conglomerate among… The post SoftBank pumps $2B into Intel after Trump’s gripes over CEO’s China ties appeared first on Research & Development World.
