Arm Holdings, under the umbrella of SoftBank Group, is gearing up to enter the growing field of AI chip development.
There is a new competitor in the field of Artificial Intelligence. The move comes as part of SoftBank CEO Masayoshi Son’s ambitious vision to invest $64 billion to position the conglomerate as a leader in artificial intelligence.
Funding for this venture will be shouldered by Arm, with significant contributions expected from SoftBank. Negotiations are underway with prominent semiconductor manufacturers, including Taiwan Semiconductor Manufacturing Corp , to secure production capacity.Looking ahead, there’s speculation that once the mass production system is established, Arm’s AI chip business could potentially be spun off and integrated under the SoftBank umbrella.
The market outlook for AI chips appears promising, with analysts forecasting significant growth, potentially exceeding $200 billion by 2032. SoftBank sees this as a prime opportunity to capitalize on increasing demand and circumvent the limitations posed by existing players.
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