Apple, on Wednesday, confirmed that it plans to invest to $1 billion in one of the biggest tech funds – the softbank’s $100 billion dollars vision funds.
Back in October, Softbank projects that it will raise $100 billion towards the Vision Funds. Following reports of Apple”s interest in the project back in December, the President-elect of the United States Donald Trump, also announced that same month that Softbank will invest about $50 billion in American businesses
We believe their new fund will speed the development of technologies which may be strategically important to Apple
Apple’s spokeserson, Kristin Huguet
Compared to Apple’s $1 billion, there are bigger investment from other parties such as the reported $25 billion coming from Softbank and an additional $45 billion from the Saudi Arabia’s government.
In May, Apple also invested $1 billion in Chinese ride-hailing company Didi Chuxing which of course came from the $200 billion cash reserve on strategic investments?
Apple is an American multinational technology company headquartered in Cupertino, California, that designs, develops, and sells consumer electronics, computer software, and online services.
SoftBank Group Corp. is a Japanese multinational telecommunications and Internet corporation established on September 3, 1981, and headquartered in Tokyo, Japan.