Owners of ARM together with the main shareholder of AMD will be engaged in venture investments

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POSTER: computer news   ||    OWNERS OF ARM TOGETHER WITH THE MAIN SHAREHOLDER OF AMD WILL BE ENGAGED IN VENTURE INVESTMENTS	DATE:2017-05-22
As noted by Reuters , the Japanese company Softbank continues to dream of creating a global venture fund Vision Fund, which will manage the capital of $ 100 billion, investing in promising developments all over the world.  Softbank is ready to invest $ 28 billion into this fund, another $ 45 billion can be added by Saudi Arabia authorities over five years, Apple, Foxconn / Sharp, Apple, Qualcomm and Mubadala Investment are ready to act as co-investors.  The latest fund from the UAE, as you can remember, owns large stakes in AMD and GlobalFoundries.  In Vision Fund, this Arab fund is ready to invest $ 15 billion. The head of Softbank already tried in December to enlist the support of the new US president, promising to invest $ 50 billion into the local economy and create at least 50,000 new jobs.  Last Saturday, representatives of the fund said that they had already collected about $ 93 billion for venture investments in various industries, and the planned $ 100 billion fund will collect in the next six months.  Software, artificial intelligence, robotics, biotechnology and financial solutions are the main directions, the development of which is ready to finance the Vision Fund.  For the Saudi Arabian authorities, such investments will become insurance against a further decline in prices for hydrocarbon raw materials. Related Products :

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