雷递网 乐天 8月19日 软银集团公司（东京证券交易所代码：9984，简称"软银"）与英特尔公司（纳斯达克股票代码：INTC）今日宣布签署最终证券购买协议，根据该协议，软 银将向英特尔普通股投资 20 亿美元。 软银对英特尔的投资建立在其长期愿景之上，即通过加速获取支持数字化转型、云计算和下一代基础设施的先进技术，推动人工智能革命。 单季营收129亿美元 财报显示，英特尔2025年第二季营收129亿美元，上年同期为128亿美元。 根据协议条款，软银将以每股23美元的价格收购英特尔普通股。该交易需满足惯例成交条件。 此次投资正值英特尔和软银深化其在美国投资先进技术和半导体创新的承诺之际。 | | GAAP | | | Non-GAAP | | | --- | --- | --- | --- | --- | --- | | | Q2 | Q2 | vs. Q2 2024 | Q2 | vs. Q2 2024 Q2 | | | 2025 | 2024 | | 2025 | 2024 | | Revenue ($B) | $12.9 $12.8 | | flat | | | | Gross margin | 27.5 ...

来源：滚动播报 美股盘前，英特尔涨约6%，软银集团与英特尔签署20亿美元投资协议，软银将以每股23美元的价格购 买英特尔普通股。中概股涨跌不一，蔚来涨约1%。 ...

英特尔在处理器市场长期面临AMD的竞争，近年来两者的差距有所缩小。18A 制程对英特尔来说意义重大，这是其拉开与竞争对手制程优势的关键一步。 Panther Lake本被寄予厚望，如今量产或推迟，这会直接导致生产成本的上升，影响产品按时交付，致使英特尔市场份额面临被挤压的风险。 据报道，因18A工艺良率不佳，英特尔首款基于该工艺的处理器Panther Lake的大规模量产已从原定的2025年底推迟至2026年一季度。该处理器原计划2024 年第四季度小规模试产，2025年第一季度放量。 18A是英特尔用于生产下一代笔记本芯片Panther Lak的重要工艺。而根据此前报道，当前良率仅为10%左右，远低于50%的量产启动门槛，而盈利一般需达 到70%-80%。 据悉，2024年英特尔亏损高达187.6亿美元。为缓解压力，CEO陈立武推行裁员15%、砍非核心业务等降本措施，并试图将晶圆代工服务（IFS）转型为"美版 台积电"。 行业横向对比发现，台积电N2制程良率已达65%-92%，三星2nm良率约40%，而英特尔宣称的18A"55%良率"与实际数据矛盾，且量产进度落后台积电超一 年。若良率无法突破，不仅Pant ...

Group 1 - The Trump administration is considering acquiring a 10% stake in Intel, which would make the U.S. government the largest shareholder of the company [1] - The government is contemplating converting approximately $10.9 billion in federal subsidies approved under the CHIPS and Science Act into equity in Intel to support the semiconductor manufacturing industry [3] - Intel's current market capitalization is approximately $103.6 billion [3] Group 2 - There are uncertainties regarding the level of internal support for this idea within the government, the specific size of the stake, and whether the plan will be pursued [5] - The White House and the U.S. Department of Commerce have not commented on the details, and Intel has not responded to inquiries [5] - If negotiations are successful, the transaction would require approval from Intel's board and may face legal challenges from shareholders or competitors [5] Group 3 - This move represents another direct intervention by the Trump administration in key industries, following a recent $400 million investment by the Department of Defense to acquire a 15% stake in a U.S. rare earth company [6]

目前，英特尔已被安排获得总计约109亿美元的补贴。按当前市值计算，约10%股份的价值约为105亿美 元。补贴金额足以支付目标股权所需的资金。 据彭博社当地时间18日报道，一位白宫官员及其他知情人士透露，特朗普政府正在讨论收购英特尔公司 约10%的股份，此举或使美国政府成为英特尔的最大股东。 另据《纽约时报》报道，近段时间，特朗普威胁要取消政府补贴，限制数十亿美元的销售额，警告对美 国境外制造的芯片征收高额关税，要求企业进行投资，还曾敦促英特尔公司解雇其首席执行官。报道认 为，这表明特朗普政府正在强势介入芯片行业。 "补贴换股权" 彭博社报道称，美国政府正在考虑对英特尔进行潜在投资，可能将该公司从《芯片与科学法案》(以下 简称"芯片法案")中获得的部分或全部拨款转换为股权。 "美国政府出手拯救一家美国蓝筹公司，这可能意味着英特尔的竞争地位比任何人担心的都要糟糕得 多。"英特尔股东之一的Aptus Capital Advisors的股票和投资组合经理主管瓦格纳表示。 不过，知情人士表示，具体的持股规模以及白宫是否选择推进该计划仍未确定。 白宫发言人未就谈判细节发表评论，仅表示在政府宣布之前，任何协议都不具官方效力 ...

中新网8月19日电(记者张乃月)据彭博社当地时间18日报道，一位白宫官员及其他知情人士透露，特朗 普政府正在讨论收购英特尔公司约10%的股份，此举或使美国政府成为英特尔的最大股东。 另据《纽约时报》报道，近段时间，特朗普威胁要取消政府补贴，限制数十亿美元的销售额，警告对美 国境外制造的芯片征收高额关税，要求企业进行投资，还曾敦促英特尔公司解雇其首席执行官。报道认 为，这表明特朗普政府正在强势介入芯片行业。 "补贴换股权" 彭博社报道称，美国政府正在考虑对英特尔进行潜在投资，可能将该公司从《芯片与科学法案》(以下 简称"芯片法案")中获得的部分或全部拨款转换为股权。 8月初，特朗普曾在社交媒体上发文，称因与中国企业的关系而"存在高度(利益)冲突"，要求陈立武立 即辞职。但不久后，特朗普在白宫会见陈立武，语气"明显转变"，还声称英特尔计划就此提交具体建 议。 目前，英特尔已被安排获得总计约109亿美元的补贴。按当前市值计算，约10%股份的价值约为105亿美 元。补贴金额足以支付目标股权所需的资金。 不过，知情人士表示，具体的持股规模以及白宫是否选择推进该计划仍未确定。 白宫发言人未就谈判细节发表评论，仅表示在政府 ...

Group 1 - SoftBank and Intel have signed a final securities purchase agreement for a $2 billion investment at $23 per share, leading to a 5% increase in Intel's stock price in after-hours trading [2] - Intel's CEO expressed enthusiasm about deepening the relationship with SoftBank, highlighting SoftBank's leadership in emerging technologies [2] - Intel's Q2 revenue was $12.9 billion, showing no significant year-over-year change, but the company reported a net loss of approximately $2.9 billion [2] Group 2 - Intel is facing significant operational pressures and has not capitalized on the AI boom, falling behind competitors like NVIDIA and AMD [2] - The company is implementing a plan to reduce its workforce by about 15%, aiming for a total of approximately 75,000 employees by year-end [3] - Analysts believe SoftBank's investment is insufficient to address Intel's substantial funding needs in advanced process development and wafer fabrication expansion [3] Group 3 - There is potential for business collaboration between Intel and SoftBank, particularly through SoftBank's subsidiary Arm, which is a leading semiconductor IP provider [4] - Arm's architecture is widely used in mobile processors and IoT chips, and the collaboration could help Intel attract more foundry orders based on Arm architecture [4]

Group 1 - Intel and SoftBank have announced a stock purchase agreement where SoftBank will invest $2 billion in Intel, marking a significant move to strengthen their positions in advanced technology and chip innovation in the U.S. [1] - SoftBank will purchase Intel's common stock at $23 per share, a discount from Intel's closing price of $23.66, leading to a 6% increase in Intel's stock price in after-hours trading [1] - The investment is seen as a vote of confidence in Intel's technology and reflects investor expectations for its foundry business, despite Intel's recent struggles in the AI chip sector and its costly foundry operations lacking major clients [1][3] Group 2 - Intel's stock has dropped 60% in 2024, its worst annual performance in over 50 years, but has rebounded 18% in 2025 under the leadership of new CEO Pat Gelsinger [3] - Intel's foundry business has yet to secure significant client orders, with external revenue only reaching $5.3 million by Q2 2025, highlighting a gap between its technological capabilities and market acceptance [5] - SoftBank's investment aligns with its broader strategy in the semiconductor industry, having previously acquired Arm for $32 billion and Ampere Computing for $6.5 billion, and participating in significant AI infrastructure projects [3][5] Group 3 - Intel's 18A process technology is in risk trial production and could be pivotal for its turnaround if it attracts orders from major tech companies like Amazon [6] - The U.S. government has provided $7.8 billion in subsidies for Intel's fabs in Ohio and Arizona, which will alleviate some financial pressures in this capital-intensive industry [6] - Intel's strategy in the AI sector focuses on two product lines: the Xeon 6 series processors and the Gaudi 3 AI accelerators, which aim to compete with AMD and NVIDIA products [5]

8月19日，软银集团与英特尔共同宣布，双方已签署最终证券购买协议，根据该协议，软银将以每股23 美元的价格对英特尔进行20亿美元的投资。 受此消息影响，英特尔股票在盘后交易中上涨了5%。 软银在声明中表示，对英特尔的投资建立在长期愿景之上，即通过加速获取支持数字化转型、云计算和 下一代基础设施的先进技术，实现人工智能革命。 英特尔CEO立武则回应称："我们很高兴加深与软银的关系，这家公司在许多新兴技术和创新领域处于 领先地位。" 英特尔正面临多重经营压力，制造（业务）是亏损的源头。 今年三月份上任的陈立武正在推动英特尔进行艰难的重组和改革。在今年7月24日，英特尔曾发出警 告，将不再推进在德国和波兰的项目，并计划将哥斯达黎加的封装测试业务整合至越南和马来西亚规模 更大的生产基地中，同时进一步放缓俄亥俄州工厂的建设速度。 陈立武在员工内部信中表示，公司正在实施缩减约15%的员工总数的计划，年底全球员工总数将降至约 75000人。英特尔已在第二季度完成了大部分的人员调整，精简约50%的管理层。 业内分析认为，此次软银的资金注入"杯水车薪"。当前英特尔在先进制程研发、晶圆厂扩建等领域的资 金需求庞大，这笔投资难以从 ...

Core Viewpoint - Intel is facing significant challenges, including a drastic decline in stock price and operational losses, prompting both government and private investment interest to stabilize the company [2][4][5]. Group 1: Government Involvement - The Trump administration is in discussions to acquire approximately 10% of Intel's shares, potentially making the U.S. government the largest shareholder of the chip manufacturer [2][4]. - The government is considering converting funds from the CHIPS and Science Act into equity investments, which could involve $10.9 billion in approved subsidies for commercial and military production [4]. - This initiative represents a historic move for the U.S. government to directly hold equity in a major tech company [4]. Group 2: Private Investment - SoftBank has announced a $2 billion investment in Intel at a price of $23 per share, making it the fifth-largest shareholder [2][4]. - Following the announcement of SoftBank's investment, Intel's stock price rose over 5% in after-hours trading [2]. Group 3: Financial Performance - Intel's stock price has plummeted by 60% in 2024, marking its worst performance in history [4]. - The company's Q2 2025 financial report revealed revenues of $12.9 billion but a net loss of $2.9 billion, with a gross margin falling below 30% [4][5]. - The foundry services segment reported a quarterly loss of $3.2 billion, and free cash flow was negative at $1.1 billion [4]. Group 4: Strategic Challenges - Intel's technological lag, particularly in advanced process nodes below 7nm, has resulted in a loss of market share, with the U.S. global chip production share dropping from 37% in 1990 to 12% [5]. - The company has missed opportunities in the AI sector, with Nvidia capturing 90% of the data center AI chip market while Intel holds less than 3% [5]. - Plans for a $20 billion advanced factory in Ohio have been delayed multiple times due to financial issues, with the latest production timeline pushed to 2031 [6]. Group 5: Broader Industry Context - The U.S. government is pushing for semiconductor industry revitalization through the CHIPS Act, but foreign companies are facing slow and costly expansion in the U.S. [8]. - The administration's investment strategy aims to ensure the U.S. maintains competitiveness in advanced manufacturing and high-end computing chips [8]. - Analysts suggest that government intervention may allow for greater oversight of Intel's operations, particularly concerning its dealings in China [9].