SoftBank Group is accumulating its stake in Intel, based on grants pledged under Biden's former administration.

The entities involved

• Intel →

  American multinational technology company

  • A market sell-off hit major chip companies (AMD, Intel, Micron, Samsung, Nvidia) as the AI trade cooled and investors entered risk-off mode.Mon 17:34
  • Hyperscalers are competing for AI market share, driving high demand for semiconductors and boosting corporate profits.Mon 16:49
• SoftBank Group →

  Japanese company

  • Alibaba, Morgan Stanley, and SoftBank are involved in major corporate actions regarding GoTo, an Indonesian tech company.Mon 09:18
  • SoftBank's AI strategy centers on OpenAI, which has received funding from Nvidia and Amazon.Sun 20:31
• Joe Biden →

  46th President of the United States (2021–2025)

  • Biden opposed the Trump administration's release of recordings, leading to a ruling by Judge Friedrich on the matter.Mon 17:55
  • The article links Iran's actions to US prices, Biden's withdrawal from Afghanistan, and the impact of the Iran war on Nebraska.Mon 17:13

Related events

• Biden's administration announced financial support for Intel, providing billions in funding.Jun 11
• Lutnick discusses Trump's dividend plan, Trump seeks Republican control of House, and CHIPS Act funds are used for Intel investment.Sep 11
• Intel appoints Lip-Bu Tan as CEO, facing market share losses while securing major investments from SoftBank and the US government.Jun 7
• The Trump administration has been considering and announcing potential government stakes in various tech and defense companies, including Intel, AMD, and Palantir.Jun 7
• The government acquired a 10% stake in Intel, while Biden's trading activity was noted as lower than Trump's.Sep 10