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Apple confirms investment in $100 billion SoftBank Vision Fund

Apple has confirmed its US$1 billion investment in SoftBank’s $100 billion SoftBank Vision Fund. Through the investment, the company likely hopes to gain insight on emerging technologies.

Apple noted the investment in a brief statement, saying that “we believe their new fund will speed the development of technologies which may be strategically important to Apple.”The SoftBank Group, a Japanese Internet and telecommunications giant, disclosed the SoftBank Vision Fund in mid-October, noting plans for SoftBank alone to invest at least $25 billion in the vehicle over the next five years and for the fund to reach size of up to $100 billion. 

SoftBank is reportedly investing at least $25 billion in the fund and has been in talks with Saudi Arabia’s Public Investment Fund (PIF) for an investment that could go up to $45 billion. The company has said it plans to make future large-scale investments via the tech fund, rather than on its own.

Dennis Sellers
the authorDennis Sellers
Dennis Sellers is the editor/publisher of Apple World Today. He’s been an “Apple journalist” since 1995 (starting with the first big Apple news site, MacCentral). He loves to read, run, play sports, and watch movies.