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SoftBank reportedly nears $95B tech fund announcement

The investment fund, which Bloomberg said could be announced next week, is one of the few things Apple and Qualcomm seem to agree on.


Softbank CEO Masayoshi Son speaks last year at ARM TechCon.

Stephen Shankland/CNET

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.