Japanese technology giant SoftBank Group has announced plans to acquire a $2 billion stake in Intel, marking a significant investment in the American semiconductor industry. This move represents SoftBank’s growing interest in U.S. chip manufacturing as global competition in the semiconductor sector intensifies.

The investment comes as both Intel and SoftBank deepen their commitment to investing in advanced technology and semiconductor innovation in the United States. Masayoshi Son, Chair

Intel Corp. shares jumped in after-hours trading Monday after the chipmaker announced a $2 billion investment by Japan’s SoftBank Group Corp.