TOKYO: Japanese technology investor SoftBank Group is accelerating its move into chip technology companies with the US$6.5bil purchase of Ampere Computing, a US chip startup founded by the former president of Intel.
The all-cash deal announced on Wednesday comes as SoftBank steps up its investment in the infrastructure needed to power artificial intelligence (AI), which founder Masayoshi Son has latched on to as his latest grand bet on a transformative technology.
