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When SoftBank Group-owned chip designer Arm files for a Nasdaq IPO on Monday, investors are set to hone in on a key question - will the company have exponential growth due to the boom in...
Since acquiring the chip designer in 2016, SoftBank CEO Masayoshi Son has positioned Arm as the tech investment conglomerate's crown jewel asset, and in recent months has enthusiastically talked up the role it could play in AI.
Softbank: Since acquiring the chip designer in 2016, Son has positioned Arm as the tech investment conglomerate's crown jewel asset, and in recent months has enthusiastically talked up the role it could play in AI.
The tech investor has posted two consecutive years of loss on the slumping value of the Vision Fund portfolio and sold down its crown-jewel stake in Chinese e-commerce firm Alibaba Group Holding to bolster its balance sheet.
Japan's SoftBank Group is likely to report a return to profit when it announces first-quarter earnings on Tuesday, analysts said, as its Vision Fund investing ......