Intel secures $2bn lifeline from Japan’s SoftBank

Shares in chip maker rise amid reports US government is also considering taking a stake

SoftBank has agreed to invest $2bn (£1.5bn) in Intel, amid reports that Donald Trump’s administration is also considering a stake in the struggling US chip maker.

The Japanese technology investor announced the multibillion-dollar deal on Tuesday, in a move expected to give it a 2% stake in the business.