The move could signal SoftBank’s chip ambitions, as the company may be gearing up to build Arm CPU tiles, AI XPUs, and Ampere chips tied to the Stargate Project.

Beleaguered chip manufacturer Intel will receive a much-needed $2 billion capital injection from the Japanese venture capital giant, SoftBank Group, a move that signals the latter's increasing desire to attain a foothold in the bourgeoning semiconductor industry, reported Reuters on Tuesday.

Shares in the chip maker rose following news of SoftBank’s planned investment and a possible stake for the U.S. government.

SoftBank announces its intention to purchase up to $2 billion worth of Intel common shares, investment into advanced semiconductor manufacturing in the US.

Intel Corp. (INTC) stock surged nearly 5.5% in extended trading on Monday after the struggling chipmaker announced that the company struck a deal with Masayoshi Son-led SoftBank (SFTBY) regarding a $2 billion strategic investment.

There's renewed focus on AI hardware, increasing holdings in Nvidia and TSMC in the March quarter despite critics warning of a bubble and oversupply risks.

PayPay has filed for a US listing that could value Japan’s ubiquitous payments company at more than $10bn and help fund some of owner SoftBank’s massive bets on artificial intelligence.