Core Viewpoint - The article discusses the evolving business strategies of Masayoshi Son, the founder and CEO of SoftBank, highlighting his focus on information industry infrastructure and the shift towards artificial intelligence (AI) as a key area of investment [1][3]. Group 1: Business Evolution - Masayoshi Son has been characterized as someone whose business focus frequently changes, moving from internet and mobile broadband to semiconductors and now back to real industries, particularly AI [1][3]. - Son's recent investments include a significant commitment to AI, with plans to invest approximately 1 trillion yen in acquiring Ampere Computing, a semiconductor design company [1][3]. Group 2: Strategic Vision - Since founding SoftBank in 1981, Son's strategy has been to become a "banker" in the information industry, similar to John D. Rockefeller's approach in the oil industry, by controlling software distribution and infrastructure [2][3]. - Son's vision includes leveraging ARM and Ampere's semiconductor capabilities to manage big data flow while simultaneously operating large funds to discover future AI leaders [3]. Group 3: Future Challenges - As Son approaches 68 years of age, there are questions about his ability to transition leadership and whether he can establish himself as a key player in the AI sector [3].

尘埃落定。 作者 I 王露 报道 I 投资界PEdaily 孙正义最新大手笔出炉。 本周，软银宣布全现金收购AI芯片独角兽Amp e r e，金额高达6 5亿美元（约合4 7 0亿元人民币），直接买走了整个团队。 成立于2 0 1 7年，Amp e r e由前英特尔女总裁Re n e e J ame s一手创立，迄今公司已集结一支超过1 0 0 0人的团队。交易完成后，Amp e r e将 成为软银人工智能版图的一部分，而公司早期投资方凯雷和甲骨文则实现双双退出。 如此阔绰，正是孙正义豪赌AI的一抹缩影。就在前不久，他再次喊话，"AI竞争越来越激烈，必须冲到前面，必须勇敢，必须全押。" AI江湖不缺新战事——有人激战正酣，大举扫货；有人转身离场，落袋为安。 470亿，她把公司卖了 Amp e r e背后是一位女掌门。 公司联合创始人兼CEO——Re n e e J ame s，在硅谷长大，受工程师父亲的影响，从小就爱跟电脑打交道。大学却出人意料地选择了俄勒 冈大学的国际商务，而非热爱的理工科。 "不想成为工程师，是因为不想和爸爸一样，每天和上岁数的男同事们一起工作。"年轻时，Re n e e有自己的想法，认为 ...

以下文章来源于投资家 ，作者笔锋 投资家 . 投资家是投资家网旗下专注财经科技领域的内容平台。多次荣获年度影响力财经号，并多次获得百度、 头条、新浪、网易、搜狐、东财、同花顺、澎湃等颁发的荣誉奖项。投资家网是国内知名资本与产业创 新综合服务平台。 作者 ： 笔锋 来源：投资家（ID：touzijias） 赌神又出手了。 当"杠杆狂人"盯上AI，全球科技圈正在见证一场疯狂到窒息的豪赌。 近日，外媒一则报道，再次把孙正义推上了风口浪尖。这个曾用2000万美元押中阿里巴巴、狂赚2000 倍的日本首富，如今又盯上了AI。 他计划借款240亿美元（约合1744亿人民币），加上抵押ARM股份借来的185亿美元，再加上软银自 掏的100亿美元，孙正义这次至少要拿500亿美元，"All In"星际之门（Stargate）和 OpenAI这两个连马 斯克都直呼"离谱"的豪赌。 有人惊叹"这是人类史上最大规模的科技豪赌"，也有人嘲讽"孙正义又在画饼"。但孙正义根本不 care。2006年，他曾借款150亿美元收购沃达丰日本，当时被嘲"自杀式收购"，结果呢？成就了软银 的电信帝国。如今，他又要复制神话，高举杠杆，在AI战场上豪赌一 ...

图片来源： Ampere 软银集团 3 月 19 日宣布，将通过一笔全现金交易，以 65 亿美元收购由前英特尔高管 Renee James 创立的芯片设计公司 Ampere Computing ， 此举旨在扩大其在人工智能基础设施领域的投资。交易 完成后， Ampere 将作为软银的全资子公司运营，预计交易将在 2025 年下半年完成。 凯雷集团和甲骨文公司，作为 Ampere 的主要投资者，将出售他们在加州圣克拉拉这家初创公司的股 份。 根据软银的声明，凯雷持有 59.65% 的股份，而甲骨文持有 32.27% 。 这家初创公司雇佣了 1000 名 半导体工程师。 据彭博社报道， 2021 年，软银曾考虑收购 Ampere 的少数股权，当时其估值达 80 亿美元。 软银是 Arm Holdings 的最大股东，而 Ampere 基于 ARM 计算平台开发了服务器芯片，这使两家公司 成为强有力的合作伙伴。 图片来源：软银 软银于 2016 年以 320 亿美元收购了英国芯片设计公司 Arm ，该公司于 2023 年上市。 Ampere 的客 户包括 Google Cloud 、 Microsoft Azure ...

据媒体看到的一份声明显示，软银将以全现金方式收购安培，这家总部位于加州圣克拉拉的公 司的估值为65亿美元。这笔收购预计将于周三晚些时候宣布。 软银集团表示，该交易已获得软银集团董事会的批准，但仍需获得惯例监管批准，包括美国反 垄断许可和美国外国投资委员会（CFIUS）的批准，以及满足或豁免其他成交条件，例如在所 有重大方面遵守契约，未能对 Ampere 产生重大不利影响以及某些与雇佣相关的事项。 软银集团预计，该交易将于 2025 年下半年完成。交易完成后，Ampere 将成为软银集团的 间接全资子公司。 资料显示，Ampere是2018年成立的一家半导体公司，专门为下一代云计算和 AI 工作负载设 计高性能、高能效的处理器。Ampere 目前拥有大约 1,000 名高技能半导体工程师及其卓越 的技术能力，有望在未来的增长市场中发挥关键作用。 Ampere公司由英特尔前总裁 Renee James 于 2017 年创立，她曾在英特尔服务长达28 年，曾是接任英特尔CEO的热门人选之一，但最终于2016年正式卸下总裁一职。同时， James也是甲骨文（Oracle）的董事会成员。 国芯网[原:中国半导体论坛] ...

Core Viewpoint - SoftBank has agreed to acquire Ampere Computing for $6.5 billion, emphasizing the belief that Ampere's chips will play a significant role in artificial intelligence and data centers [1][2] Group 1: Acquisition Details - The acquisition reflects SoftBank's commitment to expanding the application of Arm-based technology in various tasks, particularly in AI [1] - Ampere, founded eight years ago, specializes in data center chips based on Arm Holdings technology, which is widely used in smartphones [1] - SoftBank plans to operate Ampere as a wholly-owned subsidiary [1] Group 2: Market Context - The acquisition comes amid strong demand for chips supporting AI applications like OpenAI's ChatGPT [2] - SoftBank has announced a series of transactions to enhance its role in the AI sector, including a $500 billion investment plan to establish data centers in the U.S. [2] - Oracle is the largest investor and customer of Ampere, highlighting the strategic partnerships in the AI chip market [2] Group 3: Competitive Landscape - Intel, AMD, and Arm design microprocessors that play a crucial role in AI, working alongside GPUs for general computing tasks [3] - Nvidia is promoting Arm processors as alternatives to Intel and AMD chips, indicating a shift in the competitive landscape [3][4] - The AI microprocessor market is projected to grow from $12.5 billion in 2025 to $33 billion by 2030, showcasing the financial potential of this sector [3] Group 4: Ampere's Position - Ampere's microprocessors target the general data center market, with a new chip named Aurora designed for AI inference applications [4] - Oracle holds a 29% stake in Ampere, with its investment valued at $1.5 billion after losses [4][5] - Major tech companies like Amazon, Google, and Microsoft are focusing on developing their own Arm-based microprocessors, which could impact Ampere's market position [4]

Core Viewpoint - SoftBank has agreed to acquire Ampere Computing for $6.5 billion, indicating a strong belief in the potential of Ampere's chips to play a significant role in artificial intelligence and data centers [1][2]. Group 1: Acquisition Details - The acquisition reflects SoftBank's commitment to advancing AI technology, with CEO Masayoshi Son emphasizing the need for breakthrough computing capabilities [1]. - Ampere, founded eight years ago, specializes in data center chips based on Arm Holdings technology, which is widely used in smartphones [1]. - SoftBank plans to operate Ampere as a wholly-owned subsidiary [1]. Group 2: Market Context - The acquisition comes amid a surge in demand for chips that support AI applications like OpenAI's ChatGPT [2]. - SoftBank has announced several transactions aimed at increasing its influence in the AI sector, including a $500 billion investment plan to establish data centers in the U.S. [2]. - Oracle, a major investor and customer of Ampere, is involved in the "Star Gate" initiative alongside SoftBank and OpenAI [2]. Group 3: Competitive Landscape - Intel, AMD, and Arm design microprocessors that play a crucial role in AI, often working alongside GPUs from Nvidia [3]. - Nvidia is promoting Arm processors as alternatives to Intel and AMD chips for AI tasks, which could reshape the market [3]. - IDC predicts that the market for AI microprocessors will grow from $12.5 billion in 2025 to $33 billion by 2030 [3]. Group 4: Ampere's Position - Ampere's microprocessors target the general data center market, with a new chip named Aurora designed for AI inference applications [4]. - Major tech companies like Amazon, Google, and Microsoft are focusing on developing their own Arm-based microprocessors, although Oracle continues to support Ampere [4][5]. - Oracle holds a 29% stake in Ampere, with an investment value of $1.5 billion after accounting for losses [4].

Investment Rating - The report maintains a "Buy" recommendation for the media industry [5] Core Insights - The media industry saw a weekly increase of 9.54%, outperforming the Shanghai Composite Index and other major indices during the same period [12][19] - The film "Nezha" has broken the 12 billion yuan box office mark, setting a new record in Chinese cinema [40][44] - AI applications are rapidly growing, with DeepSeek surpassing 100 million users and significant increases in downloads for leading AI products [23][28] Market Performance - The media sector ranked first among sub-industries with a weekly increase of 9.54%, while the Shanghai Composite Index rose by 1.30% [12] - The film and cinema sector experienced the highest growth, with a weekly increase of 35.78% due to strong performance during the Spring Festival [12] Industry Key Data AI Applications - DeepSeek's user base has quickly surpassed 100 million, with a notable increase in downloads for top AI products [23] - ChatGPT's web traffic reached 3.98 billion visits in January, reflecting a 4.31% increase [24] Gaming - Tencent's products dominated the gaming sales charts, with "Honor of Kings" and "Peacekeeper Elite" leading the top three [33] - The game "Endless Winter" continues to perform well in overseas markets, contributing to significant revenue growth [36] Film - The total box office for the week reached 45.67 billion yuan, with "Nezha" leading the charts and achieving a cumulative box office of over 120 billion yuan [40][46] - Upcoming films include "Your Color," directed by renowned Japanese director Naoko Yamada, which is expected to perform well upon release [48]

Financial Data and Key Metrics Changes - Net asset value was a little shy of JPY 30 trillion at the end of December, but has increased to approximately JPY 33.5 trillion, close to a record high level [12][15] - Cash position increased to JPY 5 trillion, supported by margin loan capacity and bond issuance [17][18] - Net income for the year-to-date reached JPY 636.2 billion, marking a year-on-year increase of JPY 1.1 trillion [12][21] - Loan-to-value ratio stands at 12.9%, indicating a safe level for the investment company [19] Business Line Data and Key Metrics Changes - Vision Fund posted a loss of JPY 339 billion, while the investment business of holding companies recorded a loss of JPY 108 billion, primarily due to a decline in Alibaba shares [22][23] - Despite losses, derivative gains from Alibaba shares offset some losses, indicating a complex financial position [24] - The performance of the Vision Fund is mixed, with some portfolio companies like Grab increasing in value, while others like Coupang faced declines [27] Market Data and Key Metrics Changes - The weaker yen contributed to a JPY 540 billion loss in net income, as the exchange rate fell from JPY 142 per dollar to JPY 158 [25] - The foreign exchange rate fluctuations had a positive impact on net asset value, increasing it by JPY 3 trillion [26] Company Strategy and Development Direction - The company is focusing on the AI revolution, with significant investments in AI chips, data centers, and robotics as part of its strategic direction [4][7] - The Stargate project aims to deploy $500 billion over four years to support AI infrastructure, with an initial $100 billion earmarked for early projects [41][42] - The partnership with OpenAI and the launch of Cristal Intelligence are key initiatives to drive AI adoption in enterprises [55][56] Management's Comments on Operating Environment and Future Outlook - Management emphasized the importance of maintaining a long-term perspective on investments, despite short-term market volatility [16] - The company is committed to exploring various opportunities in the AI sector and maintaining a robust financial position to support future investments [66] - The management acknowledged the challenges in project financing but expressed confidence in their ability to navigate these challenges [114] Other Important Information - The company plans to maintain a financial policy that keeps loan-to-value below 25% and ensures sufficient cash for bond redemptions [64] - The company is exploring renewable energy options for its power needs, prioritizing them over nuclear energy [122] Q&A Session Summary Question: Can you clarify the timing and initial investment amount for the Stargate project? - The project has not fully started yet, but the first project is expected to execute within the fiscal year, with incremental investments on top of existing ones [71] Question: Is SoftBank participating in OpenAI's new funding round? - Management refrained from commenting on speculation but indicated flexibility in increasing commitments to Vision Fund as needed [75][77] Question: Who will lead the financing for the Stargate project? - SoftBank will take the lead in designing financial instruments for the project, but specific site details have not been finalized [80] Question: How will the $3 billion fee for the joint venture with OpenAI be classified? - This fee will be expensed, and the exact payment structure is still being finalized [90] Question: What is the expected equity portion for the Stargate project? - The equity portion will vary by project, but it is expected to be a minority share, with financing structured on a project-by-project basis [97][100] Question: How does the company view the potential impact of Elon Musk's unsolicited bid for OpenAI? - Management expressed surprise at the news but emphasized that their partnership with OpenAI remains unchanged [105][117] Question: What is the company's stance on nuclear energy versus renewable energy? - The company prioritizes renewable energy over nuclear power in its future plans [122]

Earnings Results for the Nine-month Period Ended December 31, 2024 Investor Briefing February 12, 2025 SoftBank Group Corp. Disclaimers This presentation provides relevant information about SoftBank Group Corp. ("SBG") and its subsidiaries (together with SBG, the "Company") and its affiliates (together with the Company, the "Group") and does not constitute or form any solicitation of investment including any offer to buy or subscribe for any securities in any jurisdiction. This presentation contains forward ...