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Intel will receive a $2 billion lifeline from SoftBank

theverge.com Emma Roth 2025-11-08 02:44:27

is a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO. Posts from this author will be added to your daily email digest and your homepage feed. SoftBank will invest $2 billion into Intel as the struggling chipmaker pulls back on spending and lays off thousands of workers. In an announcement, SoftBank CEO Masayoshi Son said the investment aligns with the firm’s belief that “advanced semiconductor manufac

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$11 Billion in 2 Weeks: AI Bets Mint Money for Masayoshi Son

gizmodo.com Riley Gutiérrez Mcdermid 2025-11-08 11:00:08

Japanese billionaire Masayoshi Son’s fortune added $11 billion in just the first two weeks of August as his SoftBank Group’s aggressive push into artificial intelligence buoyed shares to historic highs. Son’s net worth now stands at $33.3 billion, solidifying his position as the second-richest person in Japan, according to the Bloomberg Billionaires Index. The resurgence comes amid a broader recovery at SoftBank’s flagship Vision Fund, coupled with sizable payouts from asset sales, including st

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Intel shares jump as Softbank to buy $2bn stake in chip giant

feeds.bbci.co.uk Unknown 2025-11-08 14:06:02

Intel shares jump as Softbank to buy $2bn stake in chip giant The BBC has contacted the White House and Intel for comment. The potential deal , which was first reported last week, aims to help Intel build a flagship manufacturing hub in Ohio. At the time, a White House spokesman told the BBC that the reports "should be regarded as speculation" unless officially announced. The announcement came just hours after new reports that the Trump administration is in talks to take a stake of around 10%

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SoftBank makes $2B investment in Intel

techcrunch.com Kirsten Korosec 2025-11-08 11:23:55

Japanese conglomerate SoftBank has agreed to make a $2 billion investment in Intel in a deal described as a commitment to advanced technology and semiconductors in the United States. The agreement, in which SoftBank will buy Intel common stock, was announced Monday after markets closed. SoftBank will pay $23 per share of Intel common stock. Shares of Intel, which closed at $23.66, popped more than 5% in after-hours trading. SoftBank Group Chairman and CEO Masayoshi Son said in a statement that

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Intel is getting a $2 billion investment from SoftBank

cnbc.com Kif Leswing 2025-11-08 16:50:22

Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks during the company's annual general meeting in Tokyo, Japan, on Friday, June 27, 2025. Intel and SoftBank announced on Monday that the Japanese conglomerate will make a $2 billion investment in the embattled chipmaker. SoftBank will pay $23 per share for Intel's common stock, which closed on Monday at $23.66. The shares rose about 6% in extended trading to $25. The investment makes SoftBank the fifth-biggest I

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SoftBank founder Son makes his biggest bet by staking the Japanese giant's future on AI

cnbc.com Arjun Kharpal 2025-11-24 10:29:35

Masayoshi Son is making his biggest bet yet: that his brainchild SoftBank will be the center of a revolution driven by artificial intelligence. Son says artificial superintelligence (ASI) — AI that is 10,000 times smarter than humans — will be here in 10 years. It's a bold call — but perhaps not surprising. He's made a career out of big plays; notably, one was a $20 million investment into Chinese e-commerce company Alibaba in 2000 that has made billions for SoftBank. Now, the billionaire is hop

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SoftBank reportedly bought Foxconn’s Ohio factory for the Stargate AI project

techcrunch.com Sean O'Kane 2025-11-25 20:00:51

The mystery buyer of the former General Motors factory owned by Foxconn in Lordstown, Ohio is apparently SoftBank, according to Bloomberg News. SoftBank wants to use the factory to build AI servers as part of the Stargate data center project being spearheaded by the Japanese conglomerate, OpenAI, and Oracle. The report comes just a few days after Foxconn announced it had sold the factory, along with electric vehicle manufacturing equipment that was inside of it, to a buyer it only referred to a

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SoftBank's Vision Fund posts best performance in 4 years

cnbc.com Arjun Kharpal 2025-11-29 20:28:39

Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks at the SoftBank World event in Tokyo, Japan, on Wednesday, July 16, 2025. SoftBank Group on Thursday reported fiscal first-quarter profit that topped expectations, driven by gains in its Vision Fund tech investment arm. The Japanese giant reported 421.8 billion yen ($2.87 billion) in the quarter ended June, versus 127.6 billion yen expected, according to LSEG consensus estimates. It is the second straight quart

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SoftBank Vision Fund posts $4.8 billion gain to drive second straight quarter of group profit

cnbc.com Arjun Kharpal 2025-11-29 22:19:30

Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks at the SoftBank World event in Tokyo, Japan, on Wednesday, July 16, 2025. SoftBank Group on Thursday reported fiscal first-quarter profit that topped expectations, driven by gains in its Vision Fund tech investment arm. The Japanese giant reported 421.8 billion yen ($2.87 billion) in the quarter ended June, versus 127.6 billion yen expected, according to LSEG consensus estimates. It is the second straight quart

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OpenAI Is Quietly Trying to Get More Money as It Burns Through Cash at a Staggering Pace

futurism.com Unknown 2025-12-26 04:06:53

Despite raising over $60 billion in venture capital, OpenAI seems to be burning through cash faster than it can raise it. Mere months after wrapping up a $40 billion funding round, the AI company is now said to be reopening the books in search of more money, according to Wired. Investors both new and old are now being asked — again — to consider pouring funds into the company, two unnamed sources told Wired. That last round, which was said to be closed on March 31st, sent OpenAI's valuation to

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OpenAI Is Quietly Trying to Get More Money as It Burns Through Resources at a Staggering Pace

futurism.com Unknown 2025-12-26 10:06:53

Despite raising over $60 billion in venture capital, OpenAI seems to be burning through cash faster than it can raise it. Mere months after wrapping up a $40 billion funding round, the AI company is now said to be reopening the books in search of more money, according to Wired. Investors both new and old are now being asked — again — to consider pouring funds into the company, two unnamed sources told Wired. That last round, which was said to be closed on March 31st, sent OpenAI's valuation to

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OpenAI Seeks Additional Capital From Investors as Part of Its $40 Billion Round

wired.com Lauren Goode 2025-12-31 00:23:30

OpenAI is seeking capital from new and existing investors, two people familiar with the company’s plans tell WIRED. The fundraising effort is part of a $40 billion round announced in March. The round will reopen on Monday, July 28, according to one of the sources, who has direct knowledge of the fundraising effort. The $40 billion round announced earlier this year brought OpenAI’s valuation up to $300 billion, making it one of the most highly valued private startups in history. The round was le

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OpenAI and Softbank’s $500 Billion Data Center Project Is Already Stumbling

gizmodo.com Bruce Gil 2025-12-31 15:35:34

Stargate, the ambitious joint venture announced at the White House back in January between OpenAI, Oracle, the Japanese holding company Softbank, and others, appears to be struggling to deliver on its bold promises just six months later. The Wall Street Journal reported today, citing unnamed sources, that the Stargate Project has yet to finalize any deals for new data centers. The report also says the group is scaling back its near-term goals. When it was announced on Jan. 21, Stargate was pit

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SoftBank's acquisition of AI chip designer Ampere may be facing an FTC probe

engadget.com Unknown 2026-02-08 05:00:06

SoftBank's $6.5 billion acquisition of AI-chip designer Ampere is facing an in-depth US government probe that may delay the deal, according to Bloomberg. The Federal Trade Commission (FTC) has opened a so-called second request for information, a relatively rare investigation that can go on for more than a year or even lead to a lawsuit blocking it, according to people familiar with the matter. Neither SoftBank nor Ampere have commented on the matter. Japan's SoftBank, headed by Masayoshi Son, a

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SoftBank CEO says he's 'all in' on OpenAI, reveals he's long wanted Microsoft's spot as main backer

cnbc.com Dylan Butts 2026-02-16 16:58:37

Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks during the company's annual general meeting in Tokyo, Japan, on Friday, June 27, 2025. SoftBank is "all in" on OpenAI, CEO Masayoshi Son said on Friday, as the Japanese tech giant looks to realize its vision of "artificial superintelligence." This year, the Japanese multinational conglomerate has been increasing its investments in OpenAI and participating in joint ventures such as the $500 billion Stargate proj

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SoftBank reportedly looking to launch a trillion-dollar AI and robotics industrial complex

techcrunch.com Rebecca Szkutak 2026-03-01 05:22:06

In Brief SoftBank is going all in on AI. Just months after announcing its involvement in the $500 billion Stargate AI Infrastructure project, of which SoftBank is rumored to be fronting a cool $19 billion, the Japanese investing conglomerate is reportedly looking to launch its largest AI project yet. The company is looking to team up with Taiwan Semiconductor Manufacturing Company (TSMC) to launch a trillion-dollar industrial complex in Arizona to build AI and robotics, according to reporting

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