Intel is in negotiations with other large investors to receive a capital injection at a reduced price, CNBC reported Wednesday, a few days after the chips manufacturer – currently in difficulties – received 2,000 million dollars of investment from the Japanese group SoftBank.
This new financing round would represent another financial lifeguard for Intel, since its plans to invest billions of dollars to expand their contract manufacturing business have stressed their balance. This business area fights to compete with TSMC of Taiwan, global leader in that segment.
The CNBC report, which cited familiar sources with the matter, did not reveal the identity of the possible new investors. Intel, whose actions fell 7%, did not respond to the request for Reuters comments.
This movement would represent the second injection of capital with discount, after SoftBank invested at $ 23 per share, acquiring a participation of just under 2% in the company.
Intel’s actions rose almost 7% on Tuesday after the announcement of SoftBank’s investment, and accumulated a gain of more than 23% the previous week, due to reports that the US government could acquire a participation in the company.
On Tuesday, the Secretary of Commerce, Howard Lutnick, declared that the Government wishes to obtain a shareholding in Intel in exchange for the subsidies granted through the Chips Law, approved during the government of former president Joe Biden.
MOST CONTEXT: SOFTBANK AGREES INVEST 2,000 MDD IN INTEL
Intel has already achieved about 8,000 million dollars in subsidies for the construction of factories-the greatest assignment under the 2022 chips law-although it has significantly reduced its ambitions in manufacturing under the leadership of its new CEO, Lip-Bu Tan.
Years of management errors have left Intel practically without presence in the flourishing chip industry for artificial intelligence, currently dominated by Nvidia.
Recently, Intel’s relationship with Washington has become tense. President Donald Trump met so last week, after requesting his resignation due to alleged conflicting links with Chinese companies.
The last fiscal year in which Intel registered a positive free cash flow was in 2021. In 2024, he reported an annual loss of 18.8 billion dollars, his first loss of this type since 1986.
With Reuters information.
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