Apple product maker Foxconn and Japan-based conglomerate Softbank will establish a joint data center equipment manufacturing facility in Lordstown, Ohio, Foxconn Chairman Young Liu announced Monday, ...

Shares in the chip maker rose about 5% premarket following news of SoftBank’s planned investment and a possible stake for the U.S. government.

SoftBank Group is investing $2 billion in Intel, buying about 87 million shares at $23 each.

Goto said at the time SoftBank remained committed to its target of building $500 billion worth of data centres over four years and the banks involved in the project financing, including Japan's "mega...