[1/2] A smartphone with a displayed Arm Ltd logo is placed on a computer motherboard in this illustration taken March 6, 2023.
The tech investment behemoth raised nearly $5 billion from Arm's offering while retaining 90.6% of the firm.
Known for debt-fuelled acquisition sprees, SoftBank founder and CEO Masayoshi Son flagged in June that the company was shifting back into "offence mode" as he highlighted the potential of artificial intelligence.
That's after a year of "defence mode" when tech valuations crashed amid higher interest rates and global banking jitters.
Few companies in SoftBank's investment portfolio have demonstrated commercial utility in AI, analysts said.
Persons:
Dado Ruvic, behemoth, Masayoshi, Yoshimitsu Goto, SoftBank, SemiAnalysis, Kyle Stanford, There's, Amir Anvarzadeh, PitchBook's Stanford, Anton Bridge, Miyoung Kim, Edwina Gibbs
Organizations:
REUTERS, Rights, Arm Holdings, SoftBank, HK, Vision, Nvidia, Asymmetric Advisors, Thomson
Locations:
British