Russian drone strikes on bus and maternity hospital kill at least 12 in Ukraine
Russian drone strikes hit civilian sites across several Ukrainian regions overnight and on Sunday, leaving at least 12 people dead and more than a doz...
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.
Catherine O’Hara, the celebrated Canadian actress and comedy legend, has died at the age of 71, her publicist confirmed on Friday. She passed away at her home in Los Angeles following a brief illness.
Newly released Epstein files name French President Emmanuel Macron among figures referenced in millions of disclosed documents.
The United Nations faces the risk of “imminent financial collapse” because of unpaid contributions, including substantial arrears from the United States, Secretary-General Antonio Guterres has warned.
Vladimir Putin said Russia earned more than $15 billion from defence exports in 2025 and fulfilled all military-technical contracts despite what he described as growing pressure from Western countries.
Explosions shook parts of southern Lebanon on Friday night as Israeli strikes rippled across the Zahrani district, with the blasts travelling toward the coastal city of Sidon.
Russian drone strikes hit civilian sites across several Ukrainian regions overnight and on Sunday, leaving at least 12 people dead and more than a dozen injured, Ukrainian officials said.
Dmitry Medvedev said European countries have failed to defeat Russia in Ukraine and have instead inflicted serious economic damage on themselves, as he criticised EU policy, praised Donald Trump as a leader who seeks peace, and said Russia would “soon” achieve military victory in the war.
U.S. President Donald Trump said on Saturday that the United States has begun negotiations with European leaders over Greenland and that an agreement is already taking shape.
Israel has reopened Gaza’s Rafah border crossing with Egypt in what Israeli media described as a “pilot operation,” marking the first opening of the crossing in two years.
Russian Security Council Secretary Sergei Shoigu has arrived in China for an official visit, where he is due to meet Chinese Foreign Minister Wang Yi to discuss international and regional security issues, Russian state media reported on Sunday.
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