HELPING HAND: ARM owner Masayoshi Son said that the firm would invest in the Internet of Things and autonomous vehicles, and hire researchers and engineers
Date: Jun 24, 2019
By: Staff writer, with CNA
Chip designer ARM Holdings PLC, which has close ties to Taiwan Semiconductor Manufacturing Co(TSMC, 台積電), plans to increase its investments in Taiwan, owner Masayoshi Son said on Saturday.
The Japanese billionaire and founder of Softbank Group Corp said that he wants to relist ARM within five years, reintroducing stock markets to the British chipmaker that his company bought for US$32 billion in 2016.
Softbank has not yet decided where the public offering would be held, Son told a technology forum in Taipei.
In his first public speech in Taiwan, Son said that artificial intelligence (AI) and the information revolution represent the biggest shift in human history, with AI set to dominate technology development trends and improve human lives, rather than take away jobs. [FULL STORY]