Tokyo, Aug 19 (NationPress) The renowned Japanese investment firm SoftBank has entered into a definitive securities purchase agreement with the prominent semiconductor manufacturer Intel Corporation, committing to invest $2 billion in the company.

This investment marks a significant step as both Intel and SoftBank enhance their dedication to advancing technology and semiconductor innovation within the United States, according to a joint statement by the firms.

“Semiconductors are essential to every sector. For over 50 years, Intel has been a reliable leader in innovation. This strategic investment signifies our confidence that the demand for advanced semiconductor manufacturing and supply will grow in the United States, with Intel being pivotal,” stated Masayoshi Son, Chairman and CEO of SoftBank Group.

As per the agreement, SoftBank will acquire shares at $23 each for Intel's common stock. The transaction is contingent upon customary closing conditions.

SoftBank's investment aligns with its long-term vision of facilitating the AI revolution by enhancing access to advanced technologies that bolster digital transformation, cloud computing, and next-generation infrastructure.

“We are excited to strengthen our partnership with SoftBank, a pioneer in multiple fields of emerging technology and innovation, and share their commitment to advancing US technology and manufacturing prowess. Masa and I have collaborated closely for decades, and I value the trust he has placed in Intel through this investment,” remarked Lip-Bu Tan, CEO of Intel.

In a recent communication to all employees, Tan expressed that the United States has been his home for more than 40 years, amidst ongoing discussions regarding leadership within the company.

Tan also mentioned a recent meeting with President Trump, who described Tan's success story as remarkable. “We are collaborating with the US Administration to clarify the issues raised and provide accurate information. I fully align with the President’s commitment to enhancing U.S. national and economic security, and I'm honored to lead a company that plays a pivotal role in these objectives,” Tan added in his communication to employees.