SoftBank Injects IDR 32 Trillion In Funds To Intel, Encourages Semiconductor And AI Innovation In The US

Illustration (photo: ANTARA)

JAKARTA - SoftBank Group Corp. officially signed a share purchase agreement with Intel Corporation, where SoftBank will invest $2 billion into Intel's common shares.

This investment comes along with the commitment of the two companies to deepen investment in advanced technology and semiconductor innovation in the United States.

Semiconductor is the foundation of every industry. This strategic investment reflects our belief that advanced semiconductor manufacturing and supply will continue to grow in the United States, with Intel playing an important role, "said Masayoshi Son, Chairman & CEO of SoftBank Group Corp. in a statement.

Intel CEO Lip-Bu Tan welcomed the move. We are very pleased to deepen ties with SoftBank, which is at the forefront of many new areas of technology and innovation. I appreciate the trust given to Intel through this investment," he said.

Under the agreement, SoftBank will buy Intel shares at a price of 23 US dollars or equivalent to Rp368,000 per share. This transaction is still waiting for completion on the condition of closing the standard.

SoftBank's investment in Intel is in line with the company's long-term vision of driving the AI revolution by accelerating access to advanced technologies that support the digital transformation, cloud computing, and infrastructure of the next generation.