SoftBank aim to increase stake in Nvidia


(MENAFN) SoftBank Group Corp, the Japanese company, stated that it has already raised a USD93bn finance for technology investments, saying that it keening to enhance its stake in chipmaker Nvidia Corp.

The Company further added that it might increase holding over time and start working side by side with Nvidia.

Additionally, SoftBank revealed "While we don"t comment on rumours about our investments, we consider ourselves long-term partners to companies, whether private or public".

According to SoftBank, it had acquired a 4.9% stake, marking the fourth-biggest shareholder in the graphics chipmaker.

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