SoftBank Group shares plunge over 9% as Asian tech stocks decline

Group 1: SoftBank and Intel - SoftBank Group announced a $2 billion investment in Intel, leading to a 6.97% increase in Intel's shares, which closed at $25.31 [1] - Following the announcement, SoftBank's shares dropped as much as 9.17% amid a decline in technology stocks in Asia [1] Group 2: Broader Technology Sector Impact - Other Japanese tech stocks, including Advantest, Renesas Electronics, and Tokyo Electron, experienced declines of 6.27%, 2.46%, and 0.75% respectively [2] - South Korean, Taiwanese, and Hong Kong technology stocks also fell, influenced by losses in U.S. tech stocks, particularly Nvidia [2] Group 3: U.S. Semiconductor Industry - U.S. Commerce Secretary is considering federal equity stakes in semiconductor companies receiving funding under the CHIPS Act, aimed at boosting the semiconductor industry [3] - Companies like TSMC and SK Hynix have received funding under the CHIPS Act, with TSMC manufacturing Nvidia's high-performance GPUs [4][5] Group 4: Market Performance in Asia - TSMC and Foxconn shares declined by 1.69% and 2.16% respectively, while SK Hynix shares fell by 3.33% [4] - The Hang Seng Tech index in Hong Kong lost 0.87%, with Kuaishou Technology, JD Health International, and Horizon Robotics being the worst performers [5]