SoftBank linked with Nvidia investment - Mobile World Live

SoftBank linked with Nvidia investment

24 MAY 2017

SoftBank is reported to have “quietly” built a $4 billion stake in Nvidia, making it the chip company’s fourth largest investor.

When it confirmed details of its $93 billion Venture Fund, SoftBank said the fund would have the right to acquire some of its existing investments, including an unspecified stake in Nvidia. Bloomberg said a holding of 4.9 per cent – just below the amount which would require a US regulatory disclosure – would be worth around $4 billion.

While Nvidia struggled with its efforts in the mobile market in the past, it now finds itself well positioned in markets including artificial intelligence, gaming and self-driving cars.

With SoftBank’s existing ownership of chip technology company ARM, an investment in Nvidia would give the Japanese giant good coverage of the emerging silicon opportunity.

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Steve Costello

Steve works across all of Mobile World Live’s channels and played a lead role in the launch and ongoing success of our apps and devices services. He has been a journalist...More

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