SoftBank founder Masayoshi Son to step down as chairman

Masayoshi Son, billionaire founder of Japanese technology empire SoftBank, is stepping down from his role as chairman of the company.

The announcement came after a two-year deliberation where SoftBank said in a press statement that such a decision was necessary to “pass on the strengths of its current management system to future generations” and “achieve sustainable growth as a listed company”.

Current CEO Ken Miyauchi will replace Son as chairman, while Junichi Miyakawa will take over as President and CEO. Miyauchi has been with SoftBank since 1984, and is one of Son’s longest-serving lieutenants, having significantly contributed to the growth of some of Japan’s most widely-used telco and social media platforms including Y! Mobile and LINE Mobile.

Miyakawa, on the other hand, is currently CTO of SoftBank. He was previously Technical COO at Sprint Corporation (now known as T-Mobile U.S.).

One of the wealthiest men in Japan, Son is credited as the principal founder of SoftBank in 1981, which is now one of the country’s leading telcos. He is ranked by Forbes as one of the most powerful people in the world.

Son is also the main driver behind SoftBank’s iconic Vision Fund, a tech-focused venture capital that has invested in over 80 companies across Asia including Southeast Asian ride-share powerhouse Grab and workplace communication platform Slack.

Son will continue to serve as Board Director for SoftBank, effective April 1, 2021.

Nokia continues 5G, cloud partnership with Japan’s SoftBank

Nokia has announced that Japanese telecommunications conglomerate SoftBank has selected their 5G Core software to enable the launch of Softbank’s standalone 5G services.

Nokia’s 5G Core is developed around cloud-native and DevOps principles, which is expected to benefit SoftBank users by delivering higher connectivity, scalability, and bandwidth, all with lower latency.

“Nokia 5G Core’s near-zero-touch automation capabilities, high-level operational efficiencies, scale and performance will help SoftBank deliver advanced services and experience, and boost network reliability,” said John Lancaster-Lennox, Head of Market Unit Japan at Nokia.

SoftBank will also be leveraging two of Nokia’s cloud offerings, Cloud Mobility Manager and Cloud Mobile Gateway, to support the company’s 5G rollout.

“We are pleased to be expanding our relationship with Nokia as we enable fast and reliable 5G service for our subscribers. This 5G core solution will catapult us into the next phase of our 5G transition,” said Keiichi Makizono, Senior Vice President and CIO of SoftBank.

The new partnership will aim to support new use cases, virtual and augmented reality, fixed wireless access, video surveillance and analytics, cloud robotics, and connected vehicles.

By Jie Yee Ong, Tech Reporter

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NVIDIA buys chip designer Arm from SoftBank for record $40 billion

NVIDIA has agreed to buy chip designer Arm from SoftBank in a record US$40 billion deal. The purchase could reshape the highly competitive semiconductor and data center landscape.

By combining the American multinational technology company and the British chip designer together, NVIDIA will target the age of artificial intelligence by accelerating innovation and expanding into high-growth markets.

“Arm and NVIDIA share a vision and passion that ubiquitous, energy-efficient computing will help address the world’s most pressing issues from climate change to healthcare, from agriculture to education,” said Simon Segars, the CEO of Arm.

NVIDIA will utilise Arm’s CPU ecosystem to advance computing in cloud, smartphones, PCs, self-driving cars, robotics and edge computing. Arm’s designs have also started to play a larger role in the data center chip market through Amazon’s cloud industry and a number of startups, posing as competition to Intel Corp and Advanced Micro Devices.

NVIDIA will reportedly pay SoftBank US$21.5 billion in shares and US$12 billion in cash as well as a possible US$5 billion in cash or shares depending on Arm’s business performance. 

SoftBank, a Japanese multinational conglomerate holding company, will remain committed to Arm’s long-term success through its stake in NVIDIA, which is expected to be between 6.7% and 8.1%.

“This is a compelling combination that projects Arm, Cambridge and the U.K. to the forefront of some of the most exciting technological innovations of our time,” said Masayoshi Son, the Chairman and CEO of SoftBank.

After acquiring Arm for US$32 billion four years ago, the sale marks an early exit for SoftBank. A source told Reuters that SoftBank have held early stage talks about taking the Japanese technology group private, which could gain momentum after the sale of Arm.

While Arm has long been a neutral technology vendor of its chip architecture to Apple, Samsung, Amazon and other portable device providers, the sale will put these licenses under the control of a single player in the semiconductor market.

With the deal’s potential to cause unfair advantages over other licensees and conflicts of interest, NVIDIA’s Founder and CEO, Jensen Huang, assured that the neutral licensing model by Arm will be retained, and NVIDIA’s GPU and AI intellectual property will be licensed out for the very first time.

“Arm’s business model is brilliant. We will maintain its open-licensing model and customer neutrality, serving customers in any industry, across the world,” said Mr. Huang.

On top of this, NVIDIA will establish a new global center of excellence in AI research at Arm’s Cambridge campus in the United Kingdom by investing in an Arm-powered AI supercomputer, training facilities for developers and a startup incubator.

“AI is the most powerful technology force of our time … trillions of computers running AI will create a new internet-of-things that is thousands of times larger than today’s internet-of-people,” said Mr. Huang.

Powered by computing chips, AI supercomputers can write software, scale up workloads and reduce the time required to complete a task.

“While AI began in the data center, it is moving quickly to the edge … where smart sensors connected to AI computers can speed checkouts, direct forklifts, orchestrate traffic, and save power,” said NVIDIA in a statement, comparing the new research facility to a a Hadron collider or Hubble telescope for artificial intelligence.

NVIDIA predicted ‘there will be trillions of these small autonomous computers powered by AI, connected by massively powerful cloud data centers in every corner of the world’.

This signifies NVIDIA’s move to push beyond the data center and into the edge, which could continue their success in data center sales, which surpassed NVIDIA’s gaming revenue for the first time in August 2020.

“The computing unit is an entire data center now. We believe that the future computer company is a data center-scale company,” said Mr. Huang.

In April, NVIDIA completed its purchase of Israel-based Mellanox, which makes high-speed networking technology used in data centers and supercomputers.

The deal between NVIDIA, SoftBank and Arm is expected to close in approximately 18 months following regulatory approvals in Britain, the European Union, United States and China.

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NVIDIA buys chip designer Arm from SoftBank for record $40 billion


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