President Trump's influence is on trial in Indiana's Republican primaries. Seven state senators face Trump-backed challengers. Ohio's primaries will decide candidates for major U.S. Senate and governor races. Michigan voters will fill a state Senate vacancy in a bellwether district
Editorial independence is core to our work. Some links may earn us a commission, without influencing our opinions.Discover radiant, youthful skin with these 7 anti-ageing face serums for womenThese 7 anti ageing face serums are your best bet when you want a radiant and youthful skin
AP POLYCET Result 2026: Where, how to check Polytechnic CET results when announced?AP POLYCET Result 2026 will be announced and will be available on the official website. The steps to check the results is given here. Published on: May 05, 2026 10:51 AM IST By HT Education Desk | Edited by Papri
The entire political landscape of Tamil Nadu has shifted overnight as Vijay’s TVK scripted a historic win in the state elections, and while the experts were busy with exit polls, Zoho founder Sridhar Vembu has pointed to a much humbler source of truth: the village farmer and the airport security
For years, India's West Bengal state was the great exception to Narendra Modi's political advance. His Bharatiya Janata Party (BJP) had swept through India's Hindi-speaking heartland, expanded into the west and north-east, and overwhelmed once-formidable regional rivals
SoftBank Group Corp. agreed to buy $2 billion of Intel Corp. stock, a surprise deal to shore up a struggling US name while boosting its own chip ambitions. The Japanese company, which is adding Intel to an investment portfolio that includes AI linchpins Nvidia Corp. and Taiwan Semiconductor Manufacturing Co., will pay $23 a share—a small discount to Intel's last close. Shares of the US chipmaker, which will issue new stock to SoftBank, surged more than 5% in after-hours trading. SoftBank fell as much as 5% Tuesday in Tokyo.
SoftBank Group Corp. agreed to buy $2 billion of Intel Corp. stock, a surprise deal to shore up a struggling US name while boosting its own chip ambitions.
The Japanese company, which is adding Intel to an investment portfolio that includes AI linchpins Nvidia Corp. and Taiwan Semiconductor Manufacturing Co., will pay $23 a share—a small discount to Intel's last close. Shares of the US chipmaker, which will issue new stock to SoftBank, surged more than 5% in after-hours trading. SoftBank fell as much as 5% Tuesday in Tokyo.
SoftBank, which owns Arm Holdings Plc, has for decades tried to become a central player in AI. Those ambitions sharpened this year with the announcement of Stargate, a $500 billion endeavour with OpenAI, Oracle Corp. and Abu Dhabi fund MGX to build essential data centres in the US. Prior to that, founder Masayoshi Son dreamed of competing with Nvidia in chip design through the “Izanagi” project.
Its latest move also delivers a strong vote of confidence in a storied US chipmaker that's struggled to remain relevant in the AI sphere.
Intel aims to prove it can be a technology leader again after falling behind TSMC in contract chipmaking and Nvidia in chip design. CEO Lip-Bu Tan met with US President Donald Trump at the White House last week, helping lay the groundwork for discussions around ways to rescue Intel.
The Santa Clara-based company held talks with the Trump administration about a deal that would potentially turn the US into its biggest backer. Officials have discussed taking a stake of about 10% in the chipmaker, Bloomberg News reported Monday.
SoftBank has been expanding its US footprint. That includes a recent deal to buy Foxconn Technology Group's electric vehicle plant in Ohio—a move that could kickstart Stargate.
In announcing its investment in Intel, SoftBank paid tribute to the chip pioneer's history.
“For more than 50 years, Intel has been a trusted leader in innovation,” Son said in a statement. “This strategic investment reflects our belief that advanced semiconductor manufacturing and supply will further expand in the United States, with Intel playing a critical role.”
The timing of the announcement could be a boost for Japan as it presses the US to follow through on a pledge to cut tariffs on its cars in exchange for setting up a $550 billion fund for investment into the US.
Intel CEO Tan, a chip industry veteran who took the helm this year, has worked with Son previously and spent years on SoftBank Group's board as an independent director before resigning in 2022. “I appreciate the confidence he has placed in Intel with this investment,” Tan said.
Source: HindustanTimes
Related Posts: Intel shares jump as Softbank to buy $2bn stake in chip giant OnePlus 15 5G mobile drops Hasselblad cameras but there’s an ‘Oppo surprise’ now Japan's SoftBank to invest $2 billion in Intel SoftBank in talks for $5 billion margin loan backed by Arm stock SoftBank to buy DigitalBridge in $4 billion deal to bolster AI infrastructure push SoftBank in talks to buy digital infra firm DigitalBridge Japan, US narrow first $550 billion investment picks, including SoftBank-linked plan, sources say SoftBank seeks $10 billion margin loan backed by OpenAI shares SoftBank seeks up to $40 billion loan to finance OpenAI investment SoftBank’s $30 billion OpenAI bet spurs S&P credit outlook cut
Three Opposition chief ministers on Monday lost power as the Trinamool Congress was defeated by the Bharatiya Janata Party in West Bengal, the Left Democratic Front by the Congress-led alliance in Kerala and the Dravida Munnetra Kazhagam by actor-politician Vijay’s Tamilaga Vettri Kazhagam
4 hours ago
Real or illusion? Rare ‘rainbow clouds’ spotted in sky over Indonesia. WatchThe caption of the post shared on Monday read," Amazing! Rare “rainbow clouds” were spotted in the sky over Indonesia. Published on: May 05, 2026 10:16 AM IST By HT News Desk Share via Copy link Rare
4 hours ago
Dianna Russini's marriage might hit ‘breaking point’ amid Mike Vrabel scandal; insider shares NFL reporter's ‘struggles’Dianna Russini is facing major personal and career struggles after controversy involving Mike Vrabel. Published on: May 05
4 hours ago
The impact of rising temperatures is increasingly being seen in women’s health. Dr. Archana Dhawan Bajaj, a gynaecologist and IVF expert, Nurture IVF Clinic, notes that heat stress can directly affect hormonal balance. “During extreme heat conditions
4 hours ago
A Boeing 737 plane that plummeted into a Chinese hillside in 2022, killing all 132 people on board, had its fuel supply cut mid-flight, according to newly released data by the US National Transportation Safety Board (NTSB). Findings by the NTSB say that the fuel switches on both engines of the
4 hours ago
Lauren Sanchez Bezos lost 2 pounds before Met Gala 2026 with her ‘most unique prep ever’ for fitted Schiaparelli gownLauren Sánchez Bezos swapped celebrity wellness routines for intense firefighter training before turning heads in Schiaparelli at Met Gala 2026. Published on: May 05
4 hours ago
Charmme Kaur calls Trisha Krishnan ‘lucky mascot’ for Vijay's TVK victory: ‘Special celebrations on your special day’Trisha received wishes from friends, with Charmme Kaur referring to her as a 'lucky mascot' for Vijay's political success. May 5, 2026
4 hours ago
May 5, Birthday Horoscope: Here's what the tarot cards have in store for youIf your birthday falls on May 05, here’s what your year ahead looks like, as per Tarot. Published on: May 05, 2026 11:00 AM IST By Kishori Sud Share via Copy link If you were born on May 5
4 hours ago
Writers far from what they deserve in cinema: scriptwriter Jyoti KapoorWriters far from what they deserve in cinema: scriptwriter Jyoti Kapoor May 5, 2026, 11:04:16 IST PTI Share via Copy link Mumbai, Due credit, fair compensation and a wish that their work does not get stolen
4 hours ago
Amid ongoing rumours linking Vijay and Trisha Krishnan, an Instagram post shared by Charmme Kaur is going viral. Trisha, who celebrated her birthday on May 4, got a lovely wish from her friend Charmme, who referred to Trisha as a ‘lucky mascot’
4 hours ago
Duolingo posted strong first-quarter results but signaled a more measured growth trajectory ahead, as the language-learning app prioritises user engagement and product improvements over near-term monetisation. Assembly Elections 2026 Shares of the Pittsburgh-based company slumped 11% in
4 hours ago
Bharat Taxi will be the official mobility partner for Delhi Capitals in the 2026 IPL season. The ride-hailing firm will manage on-ground and digital campaigns. Dedicated travel support will be provided for fans attending matches in Delhi NCR
4 hours ago
Bollywood actress Ameesha Patel shared a terrifying update on Monday night, revealing that her flight from New York to Mumbai was unexpectedly diverted mid-journey. She revealed that her Emirates flight was moments away from landing in Dubai when authorities abruptly closed UAE airspace following
4 hours ago
A blast at a fireworks factory in China's Hunan province has killed 21 people and left 61 wounded, according to state media. The explosion at the Huasheng Fireworks plant happened at around 16:40 local time (08:40 GMT) on Monday, in the city of Liuyang
4 hours ago
Dream Sports, the parent company of Dream11, has entered into the stockbroking space with the launch of DreamStreet as it looks to diversify beyond sports entertainment and tap into the country's growing retail investor base. In a statement on Monday
4 hours ago
Three Indians were injured on Monday in a fire caused by a drone attack at an industrial area in Fujairah in the United Arab Emirates, amid renewed tensions in West Asia, PTI reported. India’s Ministry of External Affairs on Tuesday described the attack as “unacceptable” and called for an
4 hours ago
‘Dynastic politics, no connect with youth led to DMK’s loss’The DMK, which along with its allies, had swept the Lok Sabha polls two summers ago, lost the assembly polls to debutant Tamilaga Vettri Kazhagam (TVK) Published on: May 05, 2026 11:06 AM IST By S Vijay Karthik
4 hours ago
Canada launches pilot project to monitor exit of temporary residents with expired visasThis will be applicable to visitors and temporary workers along with international students. This will be the first time that the Canadian government is looking at implementing an entry-exit system Published on:
4 hours ago
A new superstar of snooker. Another Chinese world champion. A year earlier, it had been Zhao Xintong lifting the trophy and creating history for his country. On Monday, it was Wu Yize - who had defeated Shaun Murphy 18-17 in a compelling final at the Crucible Theatre in Sheffield
4 hours ago
Met Gala 2026 was full of A-listers from across the world who looked their best for fashion's biggest night. Following this year's 'Fashion is Art' dress code, celebrities proved why they belong on the red carpet with couture looks setting fashion trends
4 hours ago
TNEA Exam 2026: If you have a low JEE Main score, pursuing a B.Tech can still be a good option. Tamil Nadu has several top engineering colleges, where admission is through Tamil Nadu Engineering Admissions (TNEA). The Tamil Nadu Directorate of Technical Education (DoTE) has invited applications for
4 hours ago
A prominent data protection group on Tuesday filed a complaint in Austria against LinkedIn over the professional networking platform's selling of user data. Assembly Elections 2026 Vienna-based Noyb -- which stands for "None of Your Business" -- said it filed a complaint with the Austrian Data
4 hours ago
An almost archaic communication method takes center stage when the characters played by Mammootty and Mohanlal first make contact in Mahesh Narayanan’s Patriot, well into the film’s second half. It would seem apt in a way, hinting at the vintage quality of their association while also fitting
4 hours ago
At least 21 people were killed and 61 others injured in a massive explosion at a fireworks factory in China’s Hunan province, officials said on Tuesday (May 5, 2026). The explosion occurred on Monday (May 4, 2026) afternoon at the plant operated by the Huasheng fireworks manufacturing and display
4 hours ago
The 79th edition of the annual Cannes International Film Festival is all set to kick-start on May 12 at Palais des Festivals et des Congrès in the French Riviera. All eyes are set on this edition as it will see a bevy of Indian talents, with some marking their red carpet debuts. And Payal Kapadia
4 hours ago
The registration deadline for JEE Advanced 2026 session has been extended till May 5. Eligible students can register at jeeadv.ac.in. The registration window for JEE Advanced 2026 has been extended, giving aspirants a final opportunity to complete their applications
4 hours ago
Experts suggest that a regime change could boost GDP by 0.5%. With West Bengal’s potential to become a $1 trillion economy and its strategic position as an industrial hub, the markets view this political shift favorably, anticipating positive economic impacts
4 hours ago
