SoftBank's Masayoshi Son has put his "life and death" on the United States, and his investment decisions in the United States determine his success or failure.
According to Japanese media reports, SoftBank Group (SBG) and Intel announced on August 19 that SBG has signed an agreement to invest 2 billion US dollars (about 300 billion Japanese yen) to acquire common shares of Intel. SBG will purchase Intel's common shares at a price of 23 US dollars per share. The transaction will be executed subject to customary closing conditions.
SoftBank Group Chairman, President, and CEO Masayoshi Son said: "Semiconductors are the foundation of all industries. For more than 50 years, Intel has been a trusted innovation leader. This strategic investment is further aimed at the development of advanced semiconductor manufacturing and supply in the United States, where Intel plays an important role."
Intel's Chief Executive Officer Lip Vu Tan said: "I am pleased to further deepen our relationship with SoftBank. SoftBank, like us, is committed to being at the forefront of many fields of advanced technology and innovation, and to promoting the leadership of American technology and manufacturing. We appreciate the trust that this investment gives to Intel."
SBG's investment further advances the company's long-term vision, which is to achieve an artificial intelligence revolution by accelerating the acquisition of cutting-edge technologies that support digital transformation, cloud computing, and next-generation infrastructure.
Original: www.toutiao.com/article/1840887587394640/
Statement: This article represents the views of the author himself.