Results for "Softbank"

Japanese tech conglomerate SoftBank has successfully priced its seven-year retail bond issuance at a 4.75 percent yield, raising one trillion yen from domestic investors.

The executive who recently sold his data center business to SoftBank for $4 billion cautioned that current market conditions mirror the speculative excesses of the dot-com era.

A significant portion of the Indian e-commerce platform's equity has changed hands in a major block transaction, with reports indicating SoftBank may be the selling party.

An affiliate of SoftBank Group is preparing to offload shares worth ₹1,435 crore in Indian social commerce company Meesho through a secondary offering, with transaction books scheduled to close early Thursday.

SoftBank Corp. has successfully completed communications tests for its flying mobile phone base station, marking a key step toward commercialization for emergency and remote area connectivity.

Investment firm DigitalBridge has moved to delist its preferred shares as it approaches a major transaction involving SoftBank, streamlining its corporate structure ahead of the deal's completion.

SoftBank Group is seeking a massive new loan to help refinance existing debt tied to its substantial financial stake in the artificial intelligence developer OpenAI.

The intense competition in the AI sector is leading to rising costs, with Nvidia customers facing price hikes. Meanwhile, SoftBank plans a record $6.3 billion retail bond sale to secure funds for its investments in the AI race.

Key financial movers include a decline in Alibaba shares, a major bond issuance by SoftBank, and a notable rally in Bitcoin prices, reflecting shifting dynamics across tech equities and crypto assets.

SoftBank has made a $200 million investment in Gravis Robotics, a construction technology startup specializing in retrofitting existing excavators and heavy machinery with autonomous and semi-autonomous capabilities.

Thrive Holdings, a company specializing in acquiring service firms to integrate them with artificial intelligence, successfully raised $2 billion, attracting interest from backers like SoftBank.

SoftBank is reportedly focusing on strategically building a robust portfolio dedicated to artificial intelligence infrastructure.

SoftBank reported an 18% drop in profits, leading to a 4% decline in its stock price in Tokyo.

Japanese tech investor SoftBank Group reported a smaller-than-expected 18% drop in first-quarter profit, buoyed by a gain on its stake in chipmaker Intel.

OFB Tech Pvt, the operator of the technology supply chain and financing platform OfBusiness, is reportedly considering reviving plans for an initial public offering in India that could raise up to $800 million.

SoftBank President Junichi Miyakawa stated that telecom companies shared network resources during the recent Kumamoto earthquake and emphasized the need to further strengthen cooperation for future disaster preparedness.

Seven & i has secured 300 billion yen in funding from PayPay, SoftBank, and Sumitomo Mitsui.

SoftBank Group Corp. priced a ¥90 billion ($550 million) bond offering to institutional investors, broadening its funding sources for massive artificial intelligence investments.

A consortium of banks has completed the financing arrangements for a $5.4 billion loan that will support SoftBank's significant investment in the robotics sector.

Japanese AI-linked stocks, including SoftBank, experienced a significant decline, tracking a broader sell-off in U.S. semiconductor shares after Taiwan Semiconductor Manufacturing's outlook failed to reassure investors.

Hyundai Motor Group is set to gain full ownership of robotics company Boston Dynamics by purchasing SoftBank's remaining stake. This acquisition solidifies Hyundai's position in the advanced robotics sector.

SoftBank Group CEO Masayoshi Son has rejected concerns about a bubble in artificial intelligence investments, calling such worries 'absurd.' He stated that $5 trillion per year is needed to meet the growing demand for AI.

SoftBank's Masayoshi Son has projected that artificial intelligence will be responsible for driving 20% of the global GDP by the year 2040, highlighting its transformative economic potential.

Seven & i Holdings is reportedly exploring the sale of a stake to SoftBank and PayPay.

Sam Altman is reportedly seeking a $1 trillion valuation for OpenAI, while SoftBank faces a $40 billion loan repayment deadline in March 2027, highlighting significant financial stakes in the tech sector.

SK Telecom announced an agreement with Japan’s SoftBank and the Center for Social Value Enhancement Studies (CSES) to develop a common framework for measuring the social value created by artificial intelligence and ICT services.

SoftBank is reportedly setting up a new entity, SB Neo, to offer AI compute services in the United States.

Sources indicate that SoftBank is renewing discussions for a $10 billion loan, using its stake in OpenAI as collateral and adding new concessions to the deal.

SoftBank's recent activities in venture capital are being described as an 'Untethered Goose Game,' reflecting its unique and often unconventional investment approach.

Masayoshi Son, SoftBank's 68-year-old founder and Japan's second richest man, has decided to postpone his retirement plans for another decade, intending to intensely focus the tech giant's efforts on artificial intelligence and robotics. He dismissed fears of an 'AI bubble' as 'blasphemy', believing AI's potential is just beginning to unfold.

SoftBank's CEO Masayoshi Son stated that talk of a bubble in the artificial intelligence sector is an 'insult to AI' and 'blasphemy against AI'.

Carro, a SoftBank-backed car marketplace, is reportedly exploring an initial public offering (IPO) in the United States.

SoftBank is finding fewer opportunities for venture capital investments in Latin America, shifting its focus. The firm is now targeting consumer-oriented AI companies that possess strong proprietary data and global competitive potential.

A memo indicates that the Chief Financial Officer of SoftBank Vision Fund is leaving the company.

SoftBank's creditors reportedly declined a request for a loan that would have been secured against the company's stake in OpenAI, indicating caution regarding the valuation or liquidity of the AI investment.

SoftBank shares fell by 9.7% following reports that a $6 billion margin loan to OpenAI has stalled, impacting investor confidence.

SoftBank Group Corp.'s payments division, PayPay, is set to acquire T&D Holdings Inc.'s life insurance unit for $840 million, aiming to expand its offerings and enhance its competitiveness in Japan's growing fintech market.

SoftBank shares experienced a significant 10% drop, contributing to a broader sell-off in the technology sector. This decline impacts the company's major investments in artificial intelligence.

SoftBank CEO Masayoshi Son stated that artificial intelligence is '50X bigger' than the dot-com boom, suggesting that market corrections could present significant investment opportunities in the AI sector.

SoftBank founder Masayoshi Son has become Asia's richest person, a development attributed to the ongoing boom in artificial intelligence.

Japanese tech giant SoftBank Group announced a €45 billion investment in France by 2031, including the opening of three new data centers, citing the country's space and ample nuclear electricity as key factors.

Deutsche Bank analysts downgraded SoftBank to 'hold' due to concerns over AI 'mania', impacting Japan's newly crowned top company.

SoftBank has revealed a massive €75 billion investment in artificial intelligence initiatives in France, marking a significant commitment to the country's tech sector.

France has successfully attracted $108 billion in foreign investment, with approximately half of this capital earmarked for the development of SoftBank data centers.

SoftBank CEO Masayoshi Son stated that the current AI revolution is expected to be 50 times larger than the dotcom boom of the early 2000s. He shared this perspective during an interview with CNBC.

France has attracted $108 billion in foreign investment, with approximately half of that capital directed towards SoftBank data centers, signaling significant international confidence in the French economy.

SoftBank is set to make a significant investment to build up AI data centers in France. This strategic move underscores the company's commitment to expanding its artificial intelligence infrastructure in Europe.

SoftBank is tapping retail investors with a new bond deal valued at $1.6 billion in yen. This move aims to diversify its funding sources and attract a broader investor base.

SoftBank Group's shares experienced a significant surge for a second consecutive session, extending its rally as investors increasingly flock to artificial intelligence-related trades.

SoftBank Group shares surged by almost 20% following news regarding potential initial public offerings for its investments in OpenAI and SB Energy. Investors reacted positively to the prospect of these IPOs.

Tether has taken full control of Twenty One Capital (XXI) following its acquisition of SoftBank's stake in the company.

SoftBank's Latin America Fund has led a $28 million funding round for Atom Finance, a financial technology platform.

Softbank's investment in OpenAI is currently considered safe, according to reports.

SoftBank has reported a historic gain of approximately $25 billion (€27 billion), marking one of the largest profits in Japanese history. This significant financial boost is primarily attributed to the company's investment in OpenAI.

The full transcript of SoftBank Group's fourth-quarter 2025 earnings call has been made public. This document provides detailed insights into the company's financial performance and strategic outlook for the period.

SoftBank's financial performance is drawing attention, particularly its debt linked to OpenAI, as the company anticipates another robust quarter.

SoftBank Group experienced a notable increase in its stock price today, reflecting broader investor sentiment and corporate performance updates.

SoftBank divests Rs 1,650 crore worth of shares in e-commerce platform Meesho, while DSDG Holding offloads a 1.4% stake in a separate company.

SoftBank successfully tested a high-altitude pseudo-satellite aerial base station in Japan, marking a major step toward expanding wireless coverage using stratospheric platforms.

SoftBank has filed for an initial public offering of its renewable energy subsidiary, SB Energy, which holds contracts for 8.8 gigawatts of power primarily destined for AI data centers, though most projects remain under construction.

Shares of SoftBank Group and its subsidiary Arm Holdings dropped sharply as investors reacted to broader tech sector weakness and shifting interest rate expectations. Analysts point to profit-taking and macroeconomic concerns as primary drivers behind the sell-off.

The renewable energy subsidiary of SoftBank submitted registration documents for an American public offering, capitalizing on surging power demands driven by artificial intelligence data centers.

SoftBank is reportedly leveraging a massive $5.5 billion data center investment as a strategic incentive to finalize a major partnership with OpenAI. The move highlights intensifying competition among tech giants to secure access to advanced artificial intelligence capabilities.

Surgical robotics firm Noah Medical is preparing for a Hong Kong initial public offering to tap into international funding pools and accelerate its push into mainland China.

SoftBank Group is reportedly considering a massive $20 billion bond sale to finance its continued equity stake in OpenAI, a move that has already triggered upward pressure on the conglomerate's credit risk metrics.

SoftBank has pared down its stake in Lenskart for Rs 2,800 crore, while Y Combinator sold Meesho shares worth Rs 970 crore in block deals. These transactions saw major institutional investors like Morgan Stanley, Goldman Sachs, and Citigroup among the buyers.

SoftBank Group is reportedly planning to issue $6.3 billion in retail bonds, which would be the largest such offering by a Japanese company.

Former Mossad chief Yossi Cohen has taken on a new role at the Japanese investment firm SoftBank, which has previously made successful investments in Israeli companies like Lemonade and eToro.

Nvidia is reportedly considering a $3 billion investment in SoftBank's SB Energy as part of a deal related to OpenAI data centers, though reports also indicate Nvidia is scaling back funding guarantees for an Ohio OpenAI data center.

This week's top global stories feature notable companies such as BP and SoftBank, indicating significant developments in business and finance.

SoftBank reported earnings that surpassed expectations, with a U.S. chip company playing a significant role in its financial performance, even without an OpenAI boost.

SoftBank has secured a $10 billion margin loan, using its stake in OpenAI as collateral.

Softbank Group reported first-quarter profits that surpassed analyst expectations, largely attributed to a significant windfall from its investment in Intel.

SoftBank Group Corp. reported an 18% decline in its first-quarter income.

Asian stock markets snapped a two-day decline, with chipmakers leading a rally driven by optimism surrounding artificial intelligence. This surge mirrored gains seen on Wall Street, boosting major tech stocks like SoftBank.

SoftBank and Nippon Steel Corporation have both released their latest GAAP earnings per share and revenue figures. Both companies also provided updated outlooks for their fiscal year 2027.

Seven & i Holdings has entered into a strategic partnership with units of SoftBank and SMFG, securing a total investment of $1.9 billion. This collaboration aims to strengthen the company's market position and facilitate future growth.

SoftBank is reportedly close to acquiring payments firm SP.LINKS from Blackstone in a deal valued at approximately $625 million.

SoftBank is reportedly weighing a potential deal to acquire robotics startup Gravis, as it continues to invest in advanced technology companies.

JPMorgan and Goldman Sachs are reportedly set to receive a $100 million windfall from a SoftBank bridge loan. This significant payout highlights the substantial earnings for these banks from the record-breaking loan.

SoftBank CEO Masayoshi Son has rejected concerns about an artificial intelligence investment bubble, following the company's sale of its Nvidia stake to fund future AI initiatives.

SoftBank Group CEO Masayoshi Son stated that the widespread adoption of autonomous AI agents is expected by 2040, transforming the landscape of work. He announced plans to strengthen investments in essential infrastructure like power and data centers to support this growth.

SoftBank CEO Masayoshi Son believes that fusion power is crucial for the future of artificial intelligence, despite the significant technological and financial challenges that remain for fusion technology to become a viable energy source, as reported by Bloomberg.

Seven & i Holdings is reportedly considering a partnership with SoftBank, signaling a potential shift away from its previous standalone business strategy.

SoftBank founder Masayoshi Son has made a significant bet on artificial intelligence, investing heavily in the sector.

SoftBank's LY Corporation and Bain Capital have raised their bid for Kakaku to $4.1 billion, further widening their lead over a rival offer from EQT.

Sources indicate that SoftBank has renewed discussions for a $10 billion loan, leveraging its stake in OpenAI and adding new concessions.

SoftBank's stock experienced a decline following news of a potential delay in OpenAI's initial public offering (IPO).

Hyundai Motor Group is reportedly considering swapping its US artificial intelligence research arm for SoftBank's remaining stake in Boston Dynamics, aiming for full ownership of the robotics company.

SoftBank founder Masayoshi Son has reportedly abandoned his previous plan to retire in his sixties.

SoftBank founder Masayoshi Son has publicly challenged Elon Musk's concept of establishing AI data centers in space, questioning their purpose during a shareholders' meeting.

SoftBank has introduced a new cybersecurity product that leverages models developed by OpenAI, aiming to enhance digital security solutions, with the company announcing the launch on Tuesday.

SoftBank's attempt to borrow $6 billion against its OpenAI stake was followed by a 9.7% plunge in shares, raising questions about the AI boom's sustainability.

SoftBank's shares have fallen by a fifth in the last week, leading to the company no longer being Japan's most valuable. The decline is attributed to concerns in the AI and semiconductor markets, as well as anxieties over the situation in Iran.

SoftBank's Masayoshi Son has reclaimed his position as Japan's richest person in 2026, driven by the ongoing AI boom.

SoftBank's stock fell by 11% on the Tokyo exchange, attributed to investor concerns over the company's high-risk investments in artificial intelligence.

SoftBank has divested 3.25% of its shares in the Indian eyewear retail company Lenskart Solutions through a block deal, according to data from the National Stock Exchange.

SoftBank Group has become Japan's most valuable company, surpassing Toyota, driven by significant investments in artificial intelligence, particularly in OpenAI, and a pledge of €75 billion for European AI data centers.

SoftBank is reportedly in early-stage talks to lead an $800 million funding round for Agile Robots, signaling a potential significant investment in the robotics sector.

SoftBank has surpassed Toyota to become Japan's largest company by market capitalization. This shift marks a significant change in the landscape of Japan's corporate giants.

SoftBank plans to invest a substantial sum of up to €75 billion in French AI data centers, signaling a major commitment to artificial intelligence infrastructure in France.

SoftBank has surpassed Toyota to become Japan's most valuable company, marking a significant shift in the country's corporate landscape.

Tech billionaire Peter Thiel is now residing in Buenos Aires, as reported in a business ticker. Other news includes Softbank's €75 billion investment in French AI infrastructure, upcoming Windows PCs with Nvidia chips, and issues regarding Northvolt's bankruptcy information.

This article provides an overview of the week's top global business stories, featuring notable companies such as Softbank, Li Auto, and Xpeng.

Στο μεγαλύτερο εγχείρημα τεχνητής νοημοσύνης που έχει ανακοινωθεί ποτέ στην Ευρώπη προχωρά η SoftBank, δεσμευόμενη να επενδύσει έως και 75 δισ.

Former Softbank employees are reportedly earning significant daily fees by providing artificial intelligence courses to the financial sector in New York, highlighting the lucrative nature of AI training.

SoftBank is reportedly hiring banks to facilitate the US initial public offerings of its SB Energy and AI robotics spinoff Roze, according to sources familiar with the matter.

SoftBank Group's shares surged to a record high, driven by investor optimism surrounding the potential initial public offering of artificial intelligence firm OpenAI.

SoftBank has sold off its shares in Uber, even as the ride-sharing company demonstrates accelerating growth in its operations.

SoftBank Group's shares soared over 16% as Nvidia's strong earnings report signaled robust momentum in artificial intelligence, benefiting SoftBank through its stake in Arm Holdings.

Insiders at SoftBank are reportedly expressing worries regarding CEO Masayoshi Son's significant investment and strategic bet on OpenAI.

SMFG, Fujitsu, and SoftBank are collaborating to form a medical alliance, leveraging technology to manage healthcare spending as Japan faces an aging population.

Softbank founder Masayoshi Son aims to transform his company into an AI superpower, with record profits providing capital for his ambitious four-pillar plan, which includes ABB Robotics. However, the CFO sees risks in the current investor euphoria surrounding AI.

SoftBank Vision Fund announced its FY2025 earnings, highlighting a significant $46 billion gain related to OpenAI.

SoftBank Group reported a significant increase in its profit, more than tripling to $12 billion, primarily attributed to gains from its investment in OpenAI.

SoftBank CEO Masayoshi Son is reportedly in talks for a multibillion-dollar investment in France to build out artificial intelligence infrastructure, including a new data center project.

The Japanese tech conglomerate successfully priced a major retail bond offering, capitalizing on favorable fixed-income market conditions to attract individual investors.

Financial analysts debate the significance of SoftBank’s classification as an investment holding company, highlighting potential impacts on its bond market behavior and corporate governance.

SoftBank's renewable energy subsidiary SB Energy is preparing for an initial public offering valued at approximately $50 billion, largely supported by strategic backing and investments from Nvidia.

Digital payments company Opay is exploring a secondary public offering in Nigeria following its initial listing in the United States, according to informed sources.

The telecommunications and aerospace firms completed a joint demonstration of high-altitude platform system (HAPS) networks, marking a key milestone toward commercial atmospheric internet deployment.

Backed by major tech investors like Nvidia and OpenAI, SB Energy has filed for an initial public offering even though its data centers are not yet operational and have generated no revenue.

SoftBank has proposed developing the largest natural gas power plant in the United States, drawing a mix of support and criticism regarding energy transition goals and environmental impacts.

Eyewear retailer Lenskart saw its shares fall 3% after Alpha Wave Ventures offloaded a 1.2% stake worth Rs 1,313 crore, adding to recent selling pressure from SoftBank.

A deepdive into SoftBank Group's latest $6 billion bond sale examines the potential risks associated with this significant financial move for the company.

SoftBank is reportedly planning to sell $6.3 billion worth of bonds, specifically targeting retail investors, as part of its fundraising efforts.

Nvidia is reportedly considering a $3 billion investment in SoftBank's SB Energy as part of a deal related to OpenAI data centers. This potential investment highlights growing collaborations in the tech sector.

Formlabs, a 3D printer manufacturer backed by SoftBank, is reportedly in preliminary discussions with advisors regarding a potential initial public offering.

SoftBank's financial results show that an $8 billion gain from its investment in Intel helped to mitigate a decline in its overall profits.

SoftBank has reportedly secured a $10 billion loan by leveraging its stake in artificial intelligence firm OpenAI.

Japanese tech giant SoftBank Group announced a decrease in its profits, even as the company continues to invest heavily in artificial intelligence.

SoftBank announced a decrease in its first-quarter profit, although the company did see a gain from its stake in Intel.

SoftBank Group Corp.'s upcoming earnings report will test investor confidence in its AI investments, particularly those beyond its stake in OpenAI.

SoftBank's ambitious AI funding plans are expected to be a key topic of discussion and face scrutiny during its upcoming earnings call. The company's financial performance and future investments in artificial intelligence will be closely examined.

SoftBank Corp. is reportedly close to acquiring SP.LINKS Inc., a payments service provider owned by Blackstone Inc., after securing preferred bidder status.

Softbank announced it will begin domestic demonstration experiments of communication services using unmanned aircraft, or "flying base stations," from mid-August. The trials, which include Kochi Prefecture as a candidate site, aim to prepare for scenarios where mobile base stations are rendered unusable by disasters like the Nankai Trough earthquake.

SoftBank is planning to issue a new ¥60 billion bond following recent retail and overseas deals. This move indicates the company's ongoing financial activities and capital raising efforts.

Asian semiconductor stocks, including SK Hynix, Samsung, SoftBank, and Tokyo Electron, experienced significant losses, with SK Hynix dropping 11%, as nervousness from Wall Street spread to Asian markets.

A SoftBank billionaire has emphasized that nuclear fusion technology is crucial for the future development and sustainability of artificial intelligence.

The owner of 7-Eleven has abandoned its previous independent strategy to form a partnership with SoftBank. This deal marks a significant shift in the company's business approach.

SoftBank and PayPay are reportedly in discussions to make an investment in the Japanese retail conglomerate Seven & i, according to Bloomberg reports.

Veteran investor Masayoshi Son has reportedly put himself at the center of the global AI boom, reshaping SoftBank in his own image, though some observers express concerns about his increased control.

SoftBank plans to launch AI-tailored cloud services in the United States starting from the next fiscal year. This move aims to capitalize on the surging demand for artificial intelligence infrastructure.

Oravel, a company backed by Softbank, has updated its filing for an initial public offering (IPO) in India, aiming to raise $703 million.

SoftBank Group led a broader selloff in Asian technology stocks, experiencing an 11% drop, as investors grapple with growing concerns over the escalating costs of artificial intelligence infrastructure and the sustainability of the AI boom.

Masayoshi Son, CEO of SoftBank, has stated that Arm Holdings could be worth $4 trillion, prompting discussion on the feasibility of such a valuation.

SoftBank Group CEO Masayoshi Son announced at a shareholders' meeting that he intends to remain at the helm for another 10 to 15 years, dedicating his efforts to AI-related investments and businesses.

Hyundai is reportedly set to purchase SoftBank's remaining stake in robotics firm Boston Dynamics for $325 million, according to newspaper reports.

SoftBank Group's CEO Masayoshi Son announced a partnership with OpenAI to provide security measures for AI models to infrastructure-related companies in Japan, addressing concerns about the misuse of highly capable AI.

SoftBank Group's attempt to secure a downsized $6 billion margin loan, backed by its OpenAI stake, has stalled after facing hesitation from lenders.

Discussions regarding a potential $6 billion margin loan from SoftBank to OpenAI have reportedly stalled.

Asian tech stocks, including SoftBank, Samsung, and SK Hynix, experienced a significant tumble, with SoftBank sinking 10%, as the artificial intelligence rally showed signs of deflating. This decline tracked losses seen on Wall Street, indicating a broader market correction.

PayPay, Japan's leading payments app, has announced its intention to acquire a 70.2% stake in privately held T&D Financial Life Insurance for $840 million. This move signifies PayPay's expansion into the insurance sector.

Analysts are warning that renewed market optimism for SoftBank is masking significant balance-sheet risks, including mounting debt and its investment in OpenAI, raising concerns about the company's liquidity.

SoftBank has announced an $87 billion plan to expand its data center operations in France, signaling Big Tech's growing AI ambitions. This expansion poses a major power test for Europe's infrastructure.

Masayoshi Son, CEO of SoftBank, asserts that the world is at the nascent stage of an AI-driven technological transformation that will be 50 times greater in scale than the dot-com bubble.

Softbank CEO Masayoshi Son shared his insights on where he believes the next trillion-dollar opportunities will emerge, with the Japanese multinational having invested broadly in technology.

SoftBank is making a significant bet on artificial intelligence with a €75 billion investment to construct a massive data hub in France.

SoftBank has committed to investing $87.5 billion in the development of artificial intelligence centers across France, marking a substantial investment in the country's tech infrastructure.

SoftBank's project to develop homegrown artificial intelligence is gaining momentum, drawing participation from several prominent Japanese manufacturing companies.

Sources indicate that SoftBank has engaged banks to manage the US initial public offerings for its SB Energy unit and its AI robotics spinoff, Roze.

SoftBank's stock experienced a significant spike as news emerged that OpenAI is preparing for a historic initial public offering.

Tether, the stablecoin issuer, has acquired SoftBank's stake in the Bitcoin treasury firm Twenty One. This acquisition marks a new phase for the Bitcoin company.

SoftBank has reportedly divested its holdings in Circle stock.

Japan's SoftBank has announced substantial profit gains, largely attributed to its lucrative investments in artificial intelligence technologies.

Arm and SoftBank reportedly made a last-ditch effort to acquire AI chipmaker Cerebras Systems. This attempt occurred shortly before Cerebras was expected to pursue an initial public offering.

Japan-based SoftBank Group reported its annual net profit quadrupled to over $30 billion, significantly boosted by its investments in the artificial intelligence sector, including a gain on its OpenAI bet.

SoftBank has reportedly doubled down on its investment in British chipmaker Graphcore with an additional investment exceeding $450 million.

SoftBank has invested $450 million into Graphcore, a British company specializing in AI chips and systems, which was acquired by the Japanese giant in 2024.