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SoftBank's stock price response one week after Arm's AI chip mass production announcement
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Arm Holdings to Launch AI Chips in 2025, Part of SoftBank's ¥10 Trillion AI Investment
May 12, 2024, 10:04 PM
SoftBank's subsidiary Arm Holdings is set to launch its AI chips in 2025, marking a significant advancement in AI technology. The U.K.-based company plans to establish an AI chip division, aiming to develop a prototype by spring 2025 and commence mass production by fall of the same year. The production will be outsourced to contract manufacturers. This initiative is part of a larger ¥10 trillion yen ($64 billion) investment by SoftBank to position itself as a leader in AI technology. There are also reports suggesting the possibility of spinning off Arm's AI chip division to operate directly under SoftBank.
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