SoftBank would surpass its commitment of investing $10 billion in India in 10 years, said CEO Masayoshi Son at the HT Leadership Summit in Delhi on Friday. Photo: Ramesh Pathania/MintNew Delhi/Bengaluru: SoftBank Group Corp. is close to tying up $100 billion for a technology fund that it announced with the government of Saudi Arabia, the Japanese company’s founder and chief executive officer Masayoshi Son said. SoftBank and Saudi Arabia’s Public Investment Fund announced the new venture in October with the Japanese company saying it will invest $25 billion, while Saudi Arabia committed $45 billion. India InvestmentsThe Japanese billionaire said SoftBank would surpass its commitment of investing $10 billion in India in 10 years. ARM will ship 1 trillion chips in 20 years, compared with 15 billion chips in 2015, he said.

Source: Mint December 02, 2016 16:16 UTC