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UPDATE 2-SoftBank's Son is seeking about $100 bln for AI chip venture, Bloomberg reports

Retrieved on: 2024-02-17 17:54:11

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UPDATE 2-SoftBank's Son is seeking about $100 bln for AI chip venture, Bloomberg reports. View article details on HISWAI: https://finance.yahoo.com/news/1-softbanks-son-seeking-100-200536036.html

Summary

SoftBank plans to invest in a $100 billion chip venture named Izanagi to compete with Nvidia, leveraging its 90% stake in Arm Holdings, focusing on AI chip supply. Arm's technology is key to this strategy.

Article found on: finance.yahoo.com

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