SoftBank books lower Q1 profit, gain on Intel stake

Intel, AMD and Micron shares hit 52-week highs as investors bought into AI-infrastructure related chip demand. Intel gained after reports Apple may use Intel foundries for future iPhone and Mac chips. AMD rose on Tuesday’s Q1 results, with $10.3B revenue (+38% YoY) and $5.8B data center revenue (+57% YoY), plus raised price targets. Micron also advanced amid tighter AI memory supply.

Intel said Chief Revenue Officer Greg Ernst will step down after 27 years, without citing a reason. Dean Jarnac was named chief sales officer effective September, overseeing global sales and reporting to CEO Lip-Bu Tan. The changes follow Intel’s Q2 results showing 25% sales growth and guidance above Wall Street expectations.

Texas Governor Greg Abbott confirmed SpaceX will build Terafab in Grimes County, with a first-phase investment of more than $16.8B, including a $30M Texas Enterprise Fund grant and 3,000 projected jobs. The article contrasts Abbott’s figure with SpaceX’s earlier regulatory filings citing $20B, $25B, and $55B, and notes SpaceX’s S-1 said no binding financial commitments.

SoftBank Group reported fiscal Q1 net profit of 347.3 billion yen ($2.2 billion), above the LSEG consensus of 120.23 billion yen. Results were boosted by a 1.3 trillion yen unrealized gain on its Intel stake and gains from ByteDance, offset by higher AI-related costs. The AI computing segment posted a 200.8 billion yen operating loss.

SoftBank Group agreed to invest $2 billion in Intel common stock to support U.S. semiconductor manufacturing and AI infrastructure, according to the companies. Under an August 2025 agreement, SoftBank will buy Intel shares at $23 per share, subject to closing conditions. Intel said it deepens its relationship with SoftBank and provides capital for manufacturing expansion.

SpaceX and Tesla confirmed a Terafab chip-fabrication site in Grimes County, Texas, after SpaceX paid $10 million to satisfy a June tax-abatement deadline, according to Teslarati and the companies. The complex, involving SpaceX, Tesla, xAI and Intel, is estimated at $55 billion for phase one and up to $119 billion total, targeting 1 terawatt of AI compute.