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SoftBank to take $4-bn stake in chipmaker Nvidia

A stake in Nvidia will push SoftBank to bet on emerging trends such as artificial intelligence

Ian King 

SoftBank Group Corp. has quietly amassed a $4 billion stake in Nvidia Corp. making it the fourth-largest shareholder in the graphics chipmaker, according to people familiar with the situation. The Japanese company, which just closed its Vision Fund, disclosed it owned an unspecified amount of Nvidia stock when it announced $93 billion of commitments to the technology investment fund on Saturday. A holding of 4.9 per cent, just under the amount that would require a regulatory disclosure in the US, would be worth about $4 billion. A stake in Nvidia fits with SoftBank founder ...

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First Published: Thu, May 25 2017. 01:50 IST