“An Apple investment would connect the world’s most valuable company—Apple’s market value is nearly $600 billion—with one of the world’s largest pools of investment capital,” Hoffman and Mickle report. “The SoftBank Vision Fund, which aims to launch next year, is targeting $100 billion and is seeded by SoftBank, one of Japan’s largest mobile-phone providers and owner of Sprint Corp. It marks an ambitious effort by SoftBank Chief Executive Masayoshi Son to position his company as a leader in emerging technologies like artificial intelligence and the Internet of Things, in which everyday objects such as thermostats, watches and cars are connected online.”
“Mr. Son said last week after a meeting with President-elect Donald Trump that he plans to invest up to $50 billion of the fund in the U.S.,” Hoffman and Mickle report. “Earlier this year, SoftBank bought U.K.-based microchip manufacturer ARM Holdings PLC, a major supplier of microprocessors for the iPhone.”
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MacDailyNews Take: The ties between Apple and SoftBank grow even closer.
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