Softbank


'Softbank' Articles

Apple Has Discussed Investing Up to $1 Billion in SoftBank's Global Technology Fund

Apple has held talks with SoftBank about investing up to $1 billion in the Japanese telecommunication giant's global technology fund, according to The Wall Street Journal. A deal has not been finalized, while the current status of the talks could not be determined, according to the report. President-elect Donald Trump and Softbank CEO Masayoshi Son (Image: LA Times) The so-called "SoftBank Vision Fund," expected to launch next year, will be valued at up to $100 billion, which will be invested into emerging technologies like artificial intelligence and connected internet devices. SoftBank itself will invest at least $25 billion in the fund, while the Saudi Arabian government will pledge up to $45 billion. Apple's own investment would allow it to gain insight on emerging technologies, according to the report.Such a move also would reflect a shift in Apple’s investment strategy, which until recently focused on small stakes in young technology companies. Earlier this year, Apple invested $1 billion in Didi Chuxing Technology Co., China’s homegrown ride-sharing competitor to Uber Technologies Inc. SoftBank is also an investor in Didi.Last week, SoftBank CEO Masayoshi Son said he would invest $50 billion of the fund in the United States and create 50,000 new jobs in the country following a meeting with President-elect Donald Trump. SoftBank is the parent company of U.S. carrier Sprint, which employs about 30,000 people. Note: Due to the political nature of the discussion regarding this topic, the discussion thread is located in our Politics, Religion, Social Issues

Apple SIM Partners With SoftBank in Japan, Expands to Three More Countries

Following today's iPhone-centric event, Apple has quietly announced that Japanese carrier SoftBank is the latest Apple SIM partner. Apple SIM has also expanded to three additional countries and territories: Guam, Kenya, and Mauritius. Apple SIM is embedded in the latest cellular iPads and enables users to easily switch between different short-term data plans from select carrier partners without needing multiple SIM cards. It is particularly useful for traveling abroad. Through an existing partnership with GigSky, Apple SIM is available in over 140 countries. Other Apple SIM partners include AT&T, Sprint, and T-Mobile in the United States, EE in the United Kingdom, Deutsche Telekom in Germany, Three in Hong Kong, and au by KDDI in Japan. AlwaysOnline Wireless also offers pay-as-you-go LTE data plans in at least 45 countries, with the option to pay by hour, day, or megabyte. Apple SIM can be purchased from Apple retail stores in Australia, Canada, France, Germany, Italy, Japan, the Netherlands, Spain, Sweden, Switzerland, Turkey, the United Kingdom, and the United

UK Chip Designer ARM to Be Acquired by Japan's Softbank for $31.4B

British chip designer and major Apple partner ARM Holdings is set to be acquired by Japanese firm Softbank for $31.4 billion, the BBC has revealed. According to the report, the board of ARM is expected to recommend shareholders accept the offer, which amounts to a 43 percent premium on its closing market value of $22.2 billion last week. Shares in the U.K. technology firm surged by 45 percent at the open of the London Stock Exchange this morning on news of the deal, adding $10 billion to ARM's market value. The Cambridge-based company was founded in 1990 and employs 3,000 staff. The acquisition is said to be the biggest ever purchase of a European technology company, one that will be funded by Softbank's own cash reserves and a long-term loan from Japan's Mizuho Bank. Commenting on the deal, chairman and chief executive of Softbank, Masayoshi Son, said: This is one of the most important acquisitions we have ever made, and I expect ARM to be a key pillar of SoftBank's growth strategy going forward. We have long admired ARM as a world renowned and highly respected technology company that is by some distance the market leader in its field. ARM will be an excellent strategic fit with the Softbank group as we invest to capture the very significant opportunities provided by the Internet of Things.ARM designs the processors that power all of Apple's iOS devices, as well as most of Samsung's smartphones, and receives royalties on each chip made to its specifications. Last year over 15 billion ARM-designed processors were shipped, up 3 billion on the previous year.