Intel, SoftBank
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SoftBank Group Corp. is the buyer taking ownership of Foxconn Technology Group’s electric vehicle plant in Ohio, a move aimed at kick-starting the Japanese company’s $500 billion Stargate data center project with OpenAI and Oracle Corp.
SoftBank Group Corp. shares look to have limited upside after the rally this month that added more than ¥7 trillion ($47 billion) to an all-time high Monday.
Below are major AI investments SoftBank has announced so far. On August 18, SoftBank announced a $2 billion equity investment in Intel, saying the deal reflected its belief that chip manufacturing and supply would expand further in the U.
Shares in the chip maker rose following news of SoftBank’s planned investment and a possible stake for the U.S. government.
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Son is also pursuing a $6.5 billion acquisition of Ampere Computing and reportedly eyeing up to $30 billion in OpenAI funding. But execution isn't running on schedule. For the first time, SoftBank's CFO admitted that Stargate is delayed.
The billionaire investor often called Japan's Warren Buffett is making a huge bet on a legendary US firm. Shares jumped eight percent.