SoftBank will buy $2 billion worth of Intel stocks to increase its investment in the US.

SoftBank Group has agreed to purchase $2 billion worth of Intel stock, expanding its investment in the United States and showing trust in the struggling chipmaker. According to a joint statement on Monday, SoftBank will buy Intel's common stock at a price of $23 per share. Both companies stated that the agreement is a move to "deepen their commitment to chip innovation in the United States." Following the announcement, Intel's stock price rose about 5% after hours. Prior to this, the stock closed at $23.66 in New York, already up 18% year to date. SoftBank's stock price fluctuated around flat on Tuesday, rising 1.7% at one point. SoftBank, based in Tokyo, has been expanding its US business, including recent acquisitions of an electric car factory in Ohio owned by Foxconn, and the establishment of a data center project called Stargate with OpenAI and Oracle. Meanwhile, Intel is in negotiations with the Trump administration to potentially make the US its largest shareholder. According to recent reports in the media on Monday, US government officials are discussing acquiring around 10% of the chipmaker's shares.