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Apple puts $ 1 billion in techfonds Softbank

Apple puts $ 1 billion in techfonds Softbank

Photo: AFP

Apple puts $ 1 billion in a techfonds of the Japanese company Softbank. The money will go to research into new technologies.

Softbank announced the fund in October 2016, and will ultimately 100 billion dollars to retrieve. Apple now crossing $ 1 billion in the fund, confirm to the company to The Wall Street Journal.

“We believe that their new fund the development of technologies that Apple are of strategic importance to accelerate,” says Apple spokesperson Kristin Huguet. In addition she adds that Apple has had for years with the Japanese Softbank works. Softbank is one of the largest telecom companies of Japan.

Softbank will cross 25 billion dollars in the fund, and the government of Saudi Arabia said earlier 45 billion dollars to invest. Chipmaker Qualcomm and the staatsbeleggingsfondsen of Abu Dhabi and Qatar would also be investment to consider.

Softbank took over in July 2016 the Uk chipgigant ARM. That company designs the architecture of the chips in about 95 percent of all smartphones.

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