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Intel Corporation (NASDAQ:INTC), currently trading at $34.48 with a market capitalization of $161.4 billion, completed the sale of 86,956,522 shares of its common stock to SoftBank Group Corp. on Friday. The shares were sold at a price of $23.00 each, for a total cash purchase price of $2.0 billion.
The transaction was carried out through a private placement under a Securities Purchase Agreement dated August 28, 2025. Intel relied on the exemption provided by Section 4(a)(2) of the Securities Act of 1933, which allows for sales not involving a public offering. The stock has shown remarkable momentum, gaining over 23% in the past week and trading near its 52-week high of $36.30.
Intel disclosed that the details of this transaction had been previously reported in a filing with the U.S. Securities and Exchange Commission on August 21, 2025. The company’s common stock is listed on the Nasdaq Global Select Market under the ticker INTC.
This information is based on a press release statement contained in Intel’s recent SEC filing.
In other recent news, Intel has been the focus of several significant developments. The company has been actively seeking strategic investments, reportedly engaging in early-stage discussions with Apple about potential collaboration in chip manufacturing, design, or packaging. This follows a report by the Wall Street Journal that Intel has also approached Taiwan Semiconductor Manufacturing Company for potential investment or partnership opportunities. In an effort to revamp its foundry business, Intel has secured deals with Nvidia and SoftBank, totaling $7 billion.
On the financial front, Deutsche Bank has increased its price target for Intel from $23 to $30, maintaining a Hold rating. This adjustment comes amid a busy period for the company, which has seen its stock rise significantly. Additionally, Seaport Global Securities upgraded Intel’s stock rating from Sell to Neutral, highlighting potential strategic shifts in the company’s fabrication facilities. The firm noted that Intel’s core products business might be undervalued due to negative perceptions of its foundry operations. These developments reflect Intel’s ongoing efforts to strengthen its market position and financial health.
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