SoftBank Founder to Raise $100 Billion for Chip Venture
TOKYO – Masayoshi Son, the visionary founder of SoftBank Group Corp., is embarking on an audacious mission to reshape the semiconductor landscape. His latest endeavor, Project Izanagi, is a $100 billion AI chip venture that seeks to challenge the dominance … Continue reading SoftBank Founder to Raise $100 Billion for Chip Venture
Japan: SoftBank books loss of USD 16.7 billion
TOKYO – SoftBank Group expects to book a loss of $16.7 billion on its investments at its Vision Fund, the world’s largest vehicle for tech startups. The losses announced Monday in effect wipe out the gains that the nearly $100 billion … Continue reading Japan: SoftBank books loss of USD 16.7 billion
India: SoftBank’s next big crisis ?
New Delhi — In India, tech startups have been caught in SoftBank’s cycle of overfunding, bloated valuations and vague paths to profit. Some, sensing danger, have corrected course. Others may hold the seeds of the investment giant’s next crisis. (Nikkei)