Vision Fund

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

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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

Saudi Arabia’s US$100 billion investment firm Alat piles into SoftBank and Dahua Technology

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Saudi Arabia’s US0 billion investment firm Alat piles into SoftBank and Dahua Technology

Saudi Arabia’s new US$100 billion investment firm announced a string of deals Tuesday, including partnerships with SoftBank Group and a Chinese surveillance equipment maker to set up local manufacturing facilities, as part of the kingdom’s efforts to transform itself into an industrial powerhouse. The new vehicle, Alat, and SoftBank will invest as much as US$150 … Read more