Apple Inc. and SoftBank have held talks about Apple investing up to $1 billion (£0.79 billion) in a $100 billion (£78.83 billion) fund being raised by SoftBank, U.S. media reported Monday.
By investing in potentially the world’s largest technology fund, Apple hopes to gain insight into emerging technologies like artificial intelligence, The Wall Street Journal reported, citing sources familiar with the matter.
Apple and the Japanese telecommunications and internet services giant have formed business ties in the past. SoftBank was the first iPhone seller in the Japanese market, and the envisioned investment would further strengthen ties.
SoftBank is investing at least $25 billion (£19.71 billion) in the SoftBank Vision Fund, to be launched next year, and is finalizing an investment of up to $45 billion (£35.48 billion) from Saudi Arabia’s government fund, according to the paper.
SoftBank CEO Masayoshi Son told reporters last week after meeting with U.S. President-elect Donald Trump that he plans to invest $50 billion (£39.42 billion) of the fund in the United States and create 50,000 new jobs.
This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.