SoftBank
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S&P upgrades SoftBank\’s credit rating to BB+, outlook stable
Standard & Poor\’s on Wednesday raised SoftBank Group\’s long-term credit rating by one notch to BB+, still junk level, with a stable rating outlook, as it expects the company to be able to maintain a relatively stable financial position in the short term.
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SoftBank’s sales in fiscal year 2023 are 6.76 trillion yen, net profit is 209.2 billion yen
SoftBank today released its financial report for fiscal year 2023 ending March 31, 2024: net sales were 6.76 trillion yen, a year-on-year increase of 2.8%
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Arm was revealed to mass-produce AI chips in 2025 and received support from SoftBank, the company’s latest response
Arm will pay initial capital that could total hundreds of billions of yen, and SoftBank is also expected to contribute. The company holds about 90% of Arm\’s shares.
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SoftBank is reportedly in talks to acquire British artificial intelligence chip company Graphcore
According to people familiar with the matter, SoftBank Group is negotiating to acquire British semiconductor startup Graphcore, which was once valued at US$2.8 billion.