Breaking News

be quiet! introduces new premium products at Computex 2023 Cooler Master Announces MasterHUB and MasterControl G.SKILL Showcases Extreme DDR5 Memory at Computex 2023 Greenliant will showcase SSDs and Memory Cards at embedded world China PlayStation Plus Monthly Games for June: NBA 2K23, Jurassic World Evolution 2 and Trek to Yomi

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Sharp To Invest $1 billion in SoftBank's Tech Fund

Sharp To Invest $1 billion in SoftBank's Tech Fund

Enterprise & IT May 18,2017 0

Sharp said on Thursday it would invest up to $1 billion in SoftBank Group's planned $100 billion Vision private fund, as the company moves forward to transform itself into one of the world's top "IoT companies."

In the consolidated results of fiscal year ended March 31, 2017, Sharp's operating income was positive for the first time in 3 years due to it returning to profitability in all of its business units.

The investment period is 5 years and Sharp's commitment (maximum contribution) is USD 1 billion.

Taiwan's Foxconn, the parent of Sharp, has also said it intends to invest in the fund, as well as Apple Inc and chipmaker Qualcomm.

Softbak Group has been heavily investing in the tech sector.

On February 16, 2016, SoftBank announced they would rebuy a record 14.2% of shares, valued at $4.4bn, in order to boost investor confidence. On March 31, 2016, they announced they would sell shares worth $7.9 billion of their stake in Alibaba Group. On June 21, 2016, SoftBank sold its 84% stake in Supercell for reported US$7.3 billion to Tencent.

In July 2016, the Japanese group announced the company's largest deal ever to buy British chip designer ARM Holdings for more than US$32 billion. This acquisition was completed on September 5, 2016.

On December 6, 2016, after meeting with U.S. President-elect Donald Trump, chief executive Masayoshi Son announced SoftBank will be investing US$50bn in the United States toward businesses creating 50,000 new U.S. jobs.

On February 14, 2017, SoftBank Group agreed to buy Fortress Investment Group LLC for $3.3 billion. In February 2017, it was announced that Social Finance Inc. was close to raising $500 million from an investor group led by Silver Lake, and also including Softbank. Finally on March 28, 2017, the Wall Street Journal reported that SoftBank Group Corporation had approached Didi Chuxing Technology Co. about investing $6 billion to help the ride-hailing firm expand in self-driving car technologies," with the bulk of the money to come from SoftBank's $100 billion Vision Fund.

Tags: softbankSharp
Previous Post
Qualcomm Demos Wireless Electric Vehicle Charging
Next Post
European Commission Fines Facebook €110 Million for Providing Misleading Information About WhatsApp Takeover

Related Posts

  • LEICA CAMERA AG AND SHARP CORPORATION ANNOUNCE TECHNOLOGY PARTNERSHIP IN THE SMARTPHONE PHOTOGRAPHY SEGMENT FOR THE JAPANESE MARKET

  • SoftBank Reports $18 Billion Loss from Vision Fund

  • Sharp Cuts Full-year Profit Forecast as Virus Impacts Demand

  • SoftBank Sees $7-billion Full-year Net Loss

  • WeWork Sues SoftBank After $3-billion Tender Offer Collapses

  • Sharp Unveils New Flagship AQUOS CX1 8K series of TVs

  • SoftBank Cancels $3 billion WeWork Tender Offer

  • NEC and Sharp to Combine Their Display Solution Businesses

Latest News

be quiet! introduces new premium products at Computex 2023
PC components

be quiet! introduces new premium products at Computex 2023

Cooler Master Announces MasterHUB and MasterControl
PC components

Cooler Master Announces MasterHUB and MasterControl

G.SKILL Showcases Extreme DDR5 Memory at Computex 2023
PC components

G.SKILL Showcases Extreme DDR5 Memory at Computex 2023

Greenliant will showcase SSDs and Memory Cards at embedded world China
Enterprise & IT

Greenliant will showcase SSDs and Memory Cards at embedded world China

PlayStation Plus Monthly Games for June: NBA 2K23, Jurassic World Evolution 2 and Trek to Yomi
Gaming

PlayStation Plus Monthly Games for June: NBA 2K23, Jurassic World Evolution 2 and Trek to Yomi

Popular Reviews

Pioneer BDR-S13U-X Blu-Ray Recorder

Pioneer BDR-S13U-X Blu-Ray Recorder

Pioneer BDR-X13U-S

Pioneer BDR-X13U-S

EnGenius ECW230S AP

EnGenius ECW230S AP

Pioneer BDR-XD08UMB-S External Blu-Ray Recorder

Pioneer BDR-XD08UMB-S External Blu-Ray Recorder

be quiet! Pure Rock 2 FX

be quiet! Pure Rock 2 FX

be quiet! Pure Loop 2 FX (280mm)

be quiet! Pure Loop 2 FX (280mm)

Creative Zen Hybrid

Creative Zen Hybrid

be quiet! Silent Wings Pro 4

be quiet! Silent Wings Pro 4

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed