SoftBank Group (SFTBY) founder Masayoshi Son is seeking as much as $100B to build a chip venture to compete with Nvidia (NVDA) and supply semiconductors essential for AI, people with knowledge of the matter told Bloomberg’s Gillian Tan, Min Jeong Lee and Ian King. The project, code-named Izanagi, marks Son’s next big endeavor as SoftBank sharply curtails startup investments, says the report, which adds that Son envisions creating a company that can complement chip design unit Arm Holdings (ARM) and allow the billionaire to build “an AI chip powerhouse.”
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