The Japanese Softbank Group announced on the 19th that it will invest US$2 billion to Intel, a major US semiconductor manufacturer. The British Financial Times (FT) pointed out that before announcing the above investment plan, the Silver Bank had negotiated with Intel on the acquisition of Intel's crystalline foundry industry. Intel shares surged by about 7%.
Intel rose 6.97% on the 19th and closed at $25.31, setting a new high in five months (since March 18).
Reuters quoted FT's report on the 19th as saying that several people familiar with the matter revealed that the Silver Group has discussed with Intel about the purchase of the crystal foundry industry, which has been sluggish in Intel's industry. Before the Bank announced its investment plan for Intel, Mr. Sun Zhengyi, president and president, had negotiated with Intel's CEO on the acquisition of its Crystal Foundry business.
Silver announced on the 19th that it had entered into a contract with Intel, that Siverver will invest US$2 billion (about 300 billion yen) in Intel and will acquire Intel's common shares at a price of US$23 per share. Sun Zhengyi pointed out that the purpose of this strategic investment is to promote the further development of advanced semiconductor manufacturing and supply in the United States, and Intel plays a key role.
According to Reuters, the proportion of investment in Intel by the Silver Bank is estimated to be about 2%. According to LSEG data, Silver Bank will become Intel's sixth largest shareholder. Related sources familiar with the matter pointed out that the Silver would not require Intel's board seats to acquire stocks only, and did not promise to buy Intel chips.
Extended reading: Silver invested $2 billion in Intel, becoming the fifth largest shareholder