ntel (INTC.O), opens new tab is getting a $2 billion capital injection from SoftBank Group (9984.T), opens new tab in a major boost of confidence for the troubled U.S. chipmaker that is in the middle of a turnaround effort.
The equity investment, announced by the two companies on Monday, is a lifeline for the once-iconic U.S. chipmaker which has struggled to compete after years of management blunders that left it with virtually no foothold in the booming artificial intelligence chip industry.
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