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General

Apple to invest USD 1 bln in SoftBank tech fund

Friday 6 January 2017 | 12:05 CET | News
Apple has confirmed that it will invest USD 1 billion in the new technology fund being set up by Japan's Softbank. The pledge follows a recent report in the Wall Street Journal indicating that other investors such as Saudi Arabia's sovereign wealth fund, Oracle and Foxconn Technology Group are also set to invest in Softbank's USD 100 billion fund. "We believe their new fund will speed the development of technologies which may be strategically important to Apple," said Apple spokeswoman Kristin Huguet.

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Categories: General
Companies: Apple / Foxconn / Oracle / Softbank
Countries: World
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