SoftBank-owned Arm is reportedly preparing to add AI chips to its product portfolio starting in 2025.
Arm is said to be taking on the initial development costs with some help from SoftBank. The resulting AI chip business could later be spun off into a SoftBank subsidiary., SoftBank's Vision Fund has been quietly sold off in preparation. The fund's workforce was also reduced to what the publication described as"caretakers.
The company boasted that Foxconn Wisconsin"is a key manufacturing site for data servers" employing more than 1,000 people, an increase of 42 percent in the past three years. The amendment was approved in the House of Councillors after being passed last month in the House of Representatives.The statement was made in response to questions regarding Singapore-based Terraform Labs and the collapse of its Terra stablecoin. The regulatory body claimed the company"was not performing activities requiring a license from MAS and was consequently neither licensed nor exempted from licensing by MAS.