Intel gets $2 billion from SoftBank
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Money might not be the solution to Intel Corp.’s problems.
After months of turbulence, Intel Corp. bulls are finally being rewarded for their patience. But the stock’s sudden rebound comes with a worrying side-effect: a valuation so high its most recent precedent is from the dot-com era more than two decades ago.
Shares in the chip maker rose following news of SoftBank’s planned investment and a possible stake for the U.S. government.
Director of National Intelligence Tulsi Gabbard said the British government order “would have enabled access to the protected encrypted data of American citizens.”
The US government is in discussions to potentially take a partial ownership stake in Intel, according to an Aug. 18 report by Bloomberg. The deal could help accelerate the construction of Intel’s long-delayed semiconductor manufacturing plant in Ohio.
Shares in the chip maker rose following news of SoftBank’s planned investment and a possible stake for the U.S. government.
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