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19.08.25 - 15:03
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SoftBank Buys $2 Billion In Intel Stock Days After Trump Admin Considers 10% Stake (ZeroHedge)
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SoftBank Buys $2 Billion In Intel Stock Days After Trump Admin Considers 10% Stake
SoftBank Group is making a surprise $2 billion investment in struggling chipmaker Intel, buying shares at $23 apiece. The move comes just days after the White House began exploring a 10% stake in Intel, mirroring the U.S.-Nippon Steel deal and MP Materials, where the federal government secured "golden shares."
Bloomberg first reported the SoftBank deal to purchase $2 billion worth of Intel shares at $23 apiece. The news sent Intel up 6% in New York premarket trading, pushing shares into the $25 handle. Year-to-date, the stock is up 18% after bottoming near $20 - this is a level not seen since 2013. Shares last peaked above $64 in 2021.
"For more than 50 years, Intel has been a trusted leader in innovation," SoftBank CEO Masayoshi Son wrote in a statement. He added, "This strategic investment reflects our belief that advanced semiconductor manufacturing and supply will further expan...
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12.08.25 - 10:01
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2 Dead, at Least 10 Injured in Explosion at U.S. Steel Facility (Nippon)
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New York, Aug. 11 (Jiji Press)--An explosion occurred at a facility of United States Steel Corp., a unit of Japan's Nippon Steel Corp., on Monday, leaving two people dead and at least 10 others injured, according to U.S. media. The cause of the explosion is unknown. The blast happened at U.S. Steel's coke works in Clairton, near Pittsburgh, Pennsylvania, around 11 a.m. local time . Accordin......
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01.08.25 - 11:36
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Nippon Steel Logs 195-B.-Yen Net Loss for April-June (Nippon)
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Tokyo, Aug. 1 (Jiji Press)--Nippon Steel Corp. said Friday that its consolidated net loss totaled 195.8 billion yen in April-June, against the year-before profit of 157.5 billion yen. The company incurred a business restructuring loss of about 230 billion yen, as it dissolved a joint venture with major European steelmaker ArcelorMittal while acquiring United States Steel Corp. Nippon Stee......
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01.08.25 - 10:36
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Nippon Steel Slides To Loss In Q2 (AFX)
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TOKYO (dpa-AFX) - Nippon Steel Corp. (NPSCY, 5401.T), a Japanese steel manufacturer, on Friday it reported net loss in the second quarter compared with the previous year. For the second quarter, l......
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31.07.25 - 10:24
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Nippon Steel Names 3 U.S. Directors to U.S. Steel Board (Nippon)
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Tokyo, July 31 (Jiji Press)--Nippon Steel Corp. on Thursday announced the appointment of three new independent U.S. directors to the board of United States Steel Corp., bringing the number of U.S citizens on the seven-member board to four. The move fulfills a pledge that the Japanese steelmaker made under a national security agreement reached with the U.S. government over its acquisition of ......
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30.07.25 - 15:06
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U. S. Steel Announces Board of Directors (Business Wire)
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Consistent With Commitment in National Security Agreement, U.S. Citizens Comprise Majority of BoardPITTSBURGH & TOKYO--(BUSINESS WIRE)--United States Steel Corporation (“U. S. Steel”) together with Nippon Steel Corporation (TSE: 5401) (“Nippon Steel”) and its wholly owned subsidiary Nippon Steel North America, Inc. (collectively, the “Companies”), today announced the appointment of three Independent U.S. Directors to U. S. Steel's Board of Directors (the “U. S. Steel Board”).
Takahiro Mori, Representative Director, Vice Chairman and Executive Vice President of Nippon Steel and Chairman of the U. S. Steel Board said, “We are delighted to bring together a group of world-class individuals who share a common interest in solidifying U. S. Steel's position as the leading steelmaker in the United States. I look forward to working with this team of distinguished and insightful Board members to help build a stronger and brighter future for U. S. Steel, its employees and steelmaking in the Unite...
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