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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.

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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.