Billionaire Masayoshi Son's SoftBank discloses $12 billion Intel stake

Billionaire Masayoshi Son's SoftBank Group disclosed a $12-billion stake in Intel, making the chipmaker account for 67% of its US equity portfolio, according to a regulatory filing. Intel remained the Japanese conglomerate's largest US holding, with 86.95 million shares, followed by Symbotic with about 39.82 million shares. Intel shares have surged around 145% as AI-fuelled demand for chips grows.