‘Ja­pan firm amasses US$4b Nvidia stake’

New Straits Times - - Business -

SAN FRAN­CISCO: SoftBank Group had qui­etly amassed a US$4 bil­lion (RM17.2 bil­lion) stake in Nvidia Corp mak­ing it the fourth-largest share­holder in the chip­maker, said sources. The Ja­panese firm dis­closed it owned an un­spec­i­fied amount of Nvidia stock when it an­nounced US$93 bil­lion of com­mit­ments to the tech­nol­ogy in­vest­ment fund last week. A hold­ing of 4.9 per cent, just un­der the amount that would re­quire a reg­u­la­tory dis­clo­sure in the United States, would be worth about US$4 bil­lion.

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