Japanese billionaire Masayoshi Son, the founder of Softbank, gained approximately $4 billion in profit within 40 days as the company’s shares saw a remarkable increase in value since the beginning of 2024. The unexpected rise in share value is attributed to the subsidiary chip manufacturer Arm, which saw a 192% increase in value on the stock market.
Who is Japanese billionaire Masayoshi Son?
With a current wealth exceeding $15 billion, Masayoshi Son is considered one of the richest people in the world. Known for his radical personality, Son is particularly recognized for his successful ventures in the technology sector. The Japanese billionaire sold Softbank Arm, of which he holds a majority stake, to Nvidia for $40 billion in 2022. However, the sale was canceled by the U.S. Federal Trade Commission due to concerns about monopolization in the chip sector.
We can attribute the significant market increase experienced by Arm to the company’s capability in chip production. The value of the company, one of the world’s largest chip manufacturers, is expected to further increase in the coming period. Considering the potential of artificial intelligence technologies for the future, this prediction is quite plausible. Because the company’s specially designed chips, used in various artificial intelligence hardware, are experiencing tremendous demand in the industry.
Qualcomm may have determined the winner of the 2nm chip competition between Samsung and TSMC.
What do you think about this topic? What will be the next move of Japanese billionaire Masayoshi Son? You can easily share your answers with us in the comments section below. Your opinions are valuable to us.
