|
 |
 
Owner of stolen jet ski finds it for sale online 5 years after it was taken
The jet ski was originally reported stolen from a property in Waitakere in October 2020. 
© 2025 Stuff.co.nz 2:35pm Auckland Airport's net income lifts strongly after last year's results hit by tax bill
The airport's underlying profit also rose, as rental income improved, it increased aeronautical charges and had lower interest and tax expenses.
© 2025 RadioNZ 9:55am Defence Force called in after explosive gel found in Northland
Police and the Defence Force were called to SH14 in the small town of Tangiteroria about 2pm after a person found gelignite on their property.
© 2025 Stuff.co.nz Wed 6:35pm 
|
U.S. confirms plans to invest in Intel, following SoftBank
Suddenly, Intel is a hot topic again — but this time as an investment property. As the company weathers layoffs and a struggling foundry business, both the U.S. government and SoftBank plan to invest. However, it’s not so simple.
Intel announced that SoftBank Group Corp., the Japanese investment giant, would put $2 billion at $23 per share into the struggling company, with the stated goal of investing in semiconductor manufacturing in the United States. That would give it about two percent of the company, as the Wall Street Journal noted.
The real question is what the United States government is pushing for, and if it will be allowed to: essentially convert the $10.9 billion previously earmarked for Intel as part of the U.S. Chips Act into equity. Though Bloomberg reported the proposed deal on Monday, Commerce Secretary Howard Lutnick confirmed the government’s intentions publicly on CNBC on Tuesday morning.
“We should get an equity stake for our money, so we’ll deliver the money which was already committed under the Biden administration,” Lutnick told CNBC, as quoted by NBC News. “We’ll get equity in return for it,” he added, and “get a good return for the American taxpayer.”
Bloomberg has stated that the government’s investment would equate to about a 10 percent equity stake in Intel, though this has not been confirmed. Intel has also not commented on whether it would agree to such a deal. It’s also unclear whether the company would have any say in the matter. The government does not have a sovereign wealth fund for investment, though a May Trump executive order tried to create one.
Intel lost $2.9 billion for the second quarter, with flat revenue of $12.9 billion, during which Intel chief executive Lip-Bu Tan said that Intel’s 18A process technology and its Panther Lake chips remained on track to roll out near the end of this year. On the other hand, Intel’s chief financial officer David Zinsner said that the process would “peak” by 2030 or so. Intel also raised the question of whether it would even remain in chip manufacturing, if it couldn’t find a high-volume customer for the next-gen 14A process technology.
Meanwhile, AMD continues to gain ground, quarter-over-quarter, especially in desktop CPUs. Intel still holds dominant shares in mobile and in the server space.
© 2025 PC World Wed 5:05am 
|
|
|
