Softbank is about to sell 25 percent of ARM — roughly $8 billion — to a new, Saudi-backed $100 billion investment fund, the Financial Times reported today. The Japanese shelled out $32 billion to purchased ARM only six months ago. In the global semiconductor industry. Mubadala (Abu Dhabi / UAE state-backed), which owns 100 percent of Globalfoundries, reportedly wanted the $100 billion Vision Fund to own a portion of ARM.
Japan’s Softbank announced last fall an ambitious plan to create the Softbank Vision Fund — a financial vehicle that would allow CEO Masayoshi Son to invest in the technology sector globally. The Fund, set up to raise $100 billion, aims to become “one of the world’s largest of its kind,” said Softbank last year.
While Softbank expects to pump at least $25 billion into the fund over the next 5 years, its biggest investor is Saudi Arabia’s Public Investment Fund, which last year committed to contribute up to $45 billion. The deal is the fruit of long negotiations between Son and Mohammed bin Salman, Saudi Arabia’s deputy crown prince.
In order to hit the Vision Fund’s self-imposed $100 billion target, Son reportedly wanted to secure the backing of Mubadala.
Softbank CEO Son also has made news with the promise of a $50 billion job creating investment in the USA.
Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com
, the top online science blog. He is also involved in angel investing and raising funds for breakthrough technology startup companies.
He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.