Graphcore

SoftBank buys struggling UK chip start-up Graphcore in AI race

by
SoftBank buys struggling UK chip start-up Graphcore in AI race

SoftBank Group has acquired British semiconductor start-up Graphcore, as the Japanese firm seeks to strengthen its investments in chips and artificial intelligence. The companies announced the deal on Friday without disclosing financial terms. Bristol-based Graphcore will operate as a SoftBank subsidiary and keep its management team, Nigel Toon, Graphcore’s chief executive officer, told reporters in … Read more

SoftBank posts second quarter of profit as AI boom lifts shares of chip designer Arm

by
SoftBank posts second quarter of profit as AI boom lifts shares of chip designer Arm

The Tokyo-based company earned a better-than-expected net income of 231.1 billion yen (US$1.5 billion) in the March quarter, compared with a net loss of 57.6 billion yen a year earlier, helped by investment gains at the holding company and on derivative contracts. For the full year, SoftBank reported a narrower net loss of 227.7 billion … Read more