SoftBank Group Stock: Saimemory Cooperates with Shinko Electric - Börse Global
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The SoftBank Group is advancing its technological reorientation towards Artificial Intelligence beyond its pure investment business. On Monday, the group subsidiary Saimemory agreed on a partnership with Shinko Electric Industries for the joint development and marketing of next-generation memory technology. The new development aims to support data centers in training and operating complex AI models with higher bandwidth and storage capacity, while simultaneously reducing power consumption. In the markets, the strategic expansion of hardware activities initially led to subdued reactions. In pre-market trading, SoftBank stock is quoted at 33.17 Euro, which corresponds to a decline of 2.7 percent. Investors are weighing the operational progress against the ongoing financial commitments of the extensive AI expansion. The memory initiative fits into a series of parallel steps with which the Japanese group is securing its technological base. Also on Monday, SoftBank, KDDI, NTT Docomo, and Rakuten Mobile signed a letter of intent. In it, the four mobile network operators are examining models for the joint use of 5G mmWave base stations and antenna systems to curb costs in network expansion and simplify approval procedures, without giving up independent expansion plans. At the same time, SoftBank is pushing applications for data security in the domestic market. According to a Nikkei...
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