SoftBank Group to invest $2B in Intel at $23/share in private placement

INTEL CORP

SoftBank Group to purchase 86,956,522 shares of Intel common stock at $23.00 per share for aggregate $2.0B cash.
Transaction is a private placement under Section 4(a)(2) of Securities Act; closing subject to HSR and other customary conditions.
Investment deepens relationship between Intel CEO Lip-Bu Tan and SoftBank CEO Masayoshi Son, citing commitment to U.S. semiconductor innovation.
Proceeds intended to support Intel's role in AI revolution and advanced semiconductor manufacturing in the U.S.

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