SoftBank Group Corp. (SFTBY)
- Reuters
Arm Holdings plans to launch AI chips in 2025, Nikkei reports
UK-based Arm will set up an AI chip division and aim to build a prototype by spring 2025, the report added. Mass production will be handled by contract manufacturers and is expected to start in the autumn of 2025, Nikkei Asia said. Arm will pay for initial development costs, which may go up hundreds of billions of yen, with SoftBank also contributing, the report said.
- Reuters
UPDATE 1-Arm Holdings plans to launch AI chips in 2025, Nikkei reports
SoftBank Group's Arm Holdings plans to develop artificial-intelligence chips, seeking to launch the first products in 2025, Nikkei Asia reported on Sunday. UK-based Arm will set up an AI chip division and aim to build a prototype by spring 2025, the report added. Mass production will be handled by contract manufacturers and is expected to start in the autumn of 2025, Nikkei Asia said.
- Reuters
SoftBank seen returning to loss in Q4 despite tech stock strength
Japanese technology investor SoftBank Group is expected to slip back into the red when it reports earnings on Monday despite technology stocks including Arm Holdings, its core asset, performing well over the quarter. Analysts and investors are also eagerly awaiting clues about new growth investments as SoftBank has ample liquidity and can monetise its huge holding in Arm. The share price of Britain-based Arm, in which SoftBank has a 90% stake, roughly doubled in February after strong earnings results stoked investor excitement over Arm's anticipated gains from the adoption of generative artificial intelligence (AI), but Arm's share price does not feed into SoftBank's profit as it is a subsidiary.
