Venezuela braces for U.S. strikes
On Monday (24 November), the U.S. formally designated Venezuela’s “Cartel de los Soles” as a foreign terrorist organisation and imposed addition...
SoftBank has taken a $2 billion equity stake in Intel, becoming its sixth-largest shareholder as the U.S. chipmaker seeks to recover from mounting losses.
Intel will issue new common shares to accommodate the $2 billion (about £1.57 billion) investment from Japan’s SoftBank, which is acquiring the stock at $23 per share, the companies said on Monday. The move gives SoftBank an equity stake of just under 2%, according to an Intel spokesperson.
The Tokyo-based tech investor will not seek a seat on Intel’s board or commit to buying its chips, a person familiar with the matter told Reuters. SoftBank’s holding will make it Intel’s sixth-largest shareholder, based on LSEG data.
Shares in Intel rose 5.6% in after-hours trading following the announcement, while SoftBank stock fell more than 5% in Tokyo on Tuesday.
SoftBank CEO Masayoshi Son said the investment “reflects our belief that advanced semiconductor manufacturing and supply will further expand in the United States, with Intel playing a critical role.”
The deal comes as Intel attempts a turnaround after years of underperformance and strategic missteps that left it lagging in the fast-growing artificial intelligence chip market. The firm reported a loss of $18.8 billion in 2024 — its first annual loss since 1986.
Last week, reports emerged that the U.S. government is considering a 10% stake in Intel following a meeting between Intel’s new CEO Lip-Bu Tan and President Donald Trump. Tan’s appointment has drawn scrutiny over his previous ties to Chinese firms. However, the SoftBank deal is unrelated to that meeting, a source said.
SoftBank has made a series of large-scale Artificial Intelligence (AI) related investments in 2025, including a $30 billion commitment to OpenAI and a $500 billion plan for the Stargate U.S. data centre project. On Monday, Taiwan’s Foxconn said it would manufacture data centre equipment with SoftBank in Ohio as part of the Stargate initiative.
SoftBank declined to provide further comment on the Intel deal when contacted by Reuters.
The Hayli Gubbi volcano in north-eastern Ethiopia erupted on Sunday for the first time in over 12,000 years, before halting on Monday, according to the Toulouse Volcanic Ash Advisory Center.
Cameras from the United States Geological Survey (USGS) on Saturday (22 November) captured Hawaii's Kilauea volcano spewing flowing lava from its crater in its latest eruption.
On Monday (24 November), the U.S. formally designated Venezuela’s “Cartel de los Soles” as a foreign terrorist organisation and imposed additional terrorism-related sanctions on its members, including President Nicolás Maduro and other senior officials.
Italy captured a remarkable third consecutive Davis Cup title on Sunday, with Matteo Berrettini and Flavio Cobolli securing singles victories in a 2-0 triumph over Spain in Bologna.
U.S. President Donald Trump has told his advisers that he plans to speak directly with Venezuelan President Nicolas Maduro according to Axios, as Washington designated him as the head of a terrorist organisation on Monday. A claim Maduro denies.
Galatasaray suffered a 1-0 defeat at home to Belgian side Union Saint-Gilloise in the fifth round of the UEFA Champions League.
Beijing on Tuesday denied claims that it “detained or harassed” a resident from the disputed India-China border region at Shanghai airport, while reaffirming its claim over Arunachal Pradesh, which China refers to as Zangnan.
The Hayli Gubbi volcano in Ethiopia’s Afar region erupted on Sunday morning (23 November), covering nearby villages in ash.
British Prime Minister Keir Starmer said on Tuesday that Ukraine needs “more support now” and confirmed that the UK will send additional air defence missiles in the coming weeks.
On Monday (24 November), the U.S. formally designated Venezuela’s “Cartel de los Soles” as a foreign terrorist organisation and imposed additional terrorism-related sanctions on its members, including President Nicolás Maduro and other senior officials.
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