SoftBank recently revealed plans to acquire a $2 billion (£1.5 billion) stake in Intel, driving the chipmaker’s shares up. However, Softbank’s stock dipped 5% on the same day. On the other hand, Intel’s stock rose by over 5% after-hours trading in New York on Monday.

SoftBank is investing $2 billion in Intel, becoming a top-10 stakeholder in the struggling US chipmaker. The move highlights SoftBank’s push into AI and semiconductors, as Intel faces mounting pressure from rivals and possible US government involvement.

Launched in January, the Stargate joint venture unites OpenAI, SoftBank, and Oracle to accelerate AI infrastructure investment in the US.

SoftBank Group Corp.’s digital payment provider PayPay Corp. has confidentially filed a draft registration to debut on the US stock market in a deal that could mint Japan’s first $10 billion unicorn.

PayPay submitted the application on Aug. 14 to the U.S. Securities and Exchange Commission for listing on an unspecified exchange. Possibilities include the New York Stock Exchange and Nasdaq. SoftBank Group announced in May that it was preparing for an offering of shares in its payment service.

U.S. Commerce Secretary Howard Lutnick on Tuesday confirmed the U.S. government is vying for a 10% stake in Silicon Valley pioneer Intel in an unusual deal that would deepen the Trump administration’s