Posted 2/19/2024, 1:48:44 AM
SoftBank Considers $100B AI Chip Venture to Take on Nvidia
- SoftBank founder Masayoshi Son considers creating a $100B AI chip venture to compete with Nvidia
- The project, code-named Izanagi, would complement Arm Holdings, the chip design firm SoftBank owns
- Son may invest $30B himself, with $70B more from Middle East institutions
- If successful, the project would account for about a fifth of the global semiconductor market
- SoftBank shares have gained 30% in recent days partly due to a surge in Arm's share price