Finally, something Apple and Qualcomm agree on.
SoftBank, the Japanese telecommunications giant that now owns Sprint, may announce its new future-tech fund as early as next week, according to a report from Bloomberg. Apple and Qualcomm, which are currently battling over patents and licensing fees, both invested in the fund, which Bloomberg said will total as much as $95 billion.
SoftBank announced plans for the fund, called the Vision Fund, last year. The investment fund, which will focus on emerging technologies and originally was expected to total $100 billion, is one of the world's biggest. SoftBank invested $25 billion in it, and it has said Saudi Arabia's government plans to invest $45 billion.
Apple in January pledged $1 billion for the fund, building on its long relationship with SoftBank. In 2008, Apple made SoftBank its exclusive Japanese iPhone seller, which helped boost sales.
SoftBank didn't respond to a request for comment.