Japanese billionaire produces chips: adds to his fortune

Japanese billionaire Masayoshi Son has earned approximately 4 billion dollars in 40 days as shares of Softbank, which he founded, have gained significant value since the beginning of 2024. The reason for this unexpected increase in share value is attributed to the 192% gain in the stock market value of the company's subsidiary, chip manufacturer Arm.

WHO IS JAPANESE BILLIONAIRE MASAYOSHI SON?

Masayoshi Son, whose current net worth exceeds 15 billion dollars, is ranked among the world's wealthiest people. Known for his radical personality, Son is particularly recognized for his successful ventures in the technology sector. Softbank, in which the Japanese billionaire holds a majority stake, had sold Arm to Nvidia for 40 billion dollars in 2022, but the American Federal Trade Commission canceled this sale on the grounds that it would lead to a monopoly in the chip sector.

We can say that the primary reason for the major market surge experienced by Arm is the company's capability in chip production. The share value of the company, which is one of the world's largest chip manufacturers, is expected to increase even further in the coming period. If we consider the potential that artificial intelligence technologies hold for the future, this forecast can be considered quite plausible. This is because the specialized chips designed by the firm, which are used in many different artificial intelligence hardware, are seeing tremendous demand in the sector.

News Source: 12punto