BloombergSoftbank Group Corp, the Japanese company that raised a US$93 billion fund for technology investments, is considering boosting its stake in chipmaker Nvidia Corp, people familiar with the matter said. The firm would raise its holding over time and begin to work more closely with Nvidia, the people said, asking not to be identified because the deliberations are private. “While we don’t comment on rumors about our investments, we consider ourselves long-term partners to companies, whether private or public,” Softbank said in an e-mailed statement. Nvidia shares rose 2.2 percent to US$141.25 at 3:27pm in New York City on Friday, giving it a market value of US$84.1 billion. Since the stock started rallying in 2013 it has climbed by at least 25 percent each year.

Source: Taipei Times May 27, 2017 16:04 UTC