SoftBank Group is buying about 2% of Santa Clara, California¡¯s Intel, the storied U.S. chipmaker that has lost ground in recent years in the race to build better and faster semiconductors.
The deal is the biggest investment by a Japanese company into the United States since the two countries reached a trade agreement on July 22.
In a statement, the companies said that SoftBank Group would be buying $2 billion of Intel shares for $23 apiece.
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