SoftBank's Arm to reportedly launch AI chips by 2025 to capture explosive demand
Publishing timestamp: 2024-05-12 23:34:39
Summary
Arm, a subsidiary of SoftBank, is planning to launch artificial intelligence chips by next year. The company will set up an AI chip unit to build prototypes by spring 2025 and is in discussions with contract manufacturers. SoftBank is investing heavily in AI technology and plans to invest $960 million by next year to boost its computing facilities for generative AI.
Sentiment: NEUTRAL
Tickers: ARM, AAPL, QCOM, NVDA, TSM, 2330-TW, 9984.T-JP,
Keywords: business news, technology, breaking news: technology, taiwan semiconductor manufacturing co ltd, nvidia corp, softbank group corp, arm holdings plc, apple inc,
Source: https://www.cnbc.com/2024/05/13/softbanks-arm-to-launch-ai-chips-by-2025-amid-explosive-demand.html