SoftBank Group Corp. will invest $2 billion in struggling U.S. chipmaker Intel Corp., the companies said on Tuesday, marking the Japanese investment fund's latest move into the development of artificial intelligence technology."Semiconductors are the foundation of every industry," said SoftBank Group Chairman and CEO Masayoshi Son in a joint statement with Intel, showing his commitment to expanding advanced semiconductor manufacturing and supply in the United States.Intel CEO Lip-Bu Tan said, "We are very pleased to deepen our relationship with SoftBank."Under the agreement, SoftBank Group …READ FULL ARTICLE
