SoftBank Swings to Profit and Refocuses Its Strategy Around Arm
- Investor logs first profit in five quarters on T-Mobile stake
- Vision Funds turn profitable, helped by TikTok owner ByteDance
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SoftBank Group Corp. swung to its first profit after four quarters of losses and sketched out how it will reposition its strategy around artificial intelligence and its prized asset, Arm Holdings Plc.
The Tokyo-based technology investor is exploring ways that it can use Arm’s chip designs “to the fullest extent” as its founder Masayoshi Son chases AI-related investments, Chief Financial Officer Yoshimitsu Goto said.