SoftBank's Masayoshiih Son pitches $1 trillion US AI hub to TSMC and Trump team: Report
SoftBank
Group Corp founder
Masayoshi Son
is seeking to team up with
Taiwan Semiconductor Manufacturing Co
for a trillion-dollar industrial complex in Arizona to build robots and artificial intelligence, Bloomberg News reported on Friday, citing people familiar with the matter.
A commitment of $1 trillion is double that of the $500 billion "Stargate" project which seeks to build out data centre capacity across the US, funded by SoftBank, OpenAI and
Oracle
.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Villa For Sale in Dubai Might Surprise You
Villas in Dubai | Search ads
Learn More
Undo
SoftBank is keen to have
TSMC
involved in the project but it is not clear the Taiwanese company would be interested, Bloomberg reported on Friday.
SoftBank declined to comment. TSMC did not immediately respond to a request for comment. The White House and US Department of Commerce did not immediately respond to requests for comment.
Discover the stories of your interest
Blockchain
5 Stories
Cyber-safety
7 Stories
Fintech
9 Stories
E-comm
9 Stories
ML
8 Stories
Edtech
6 Stories
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
38 minutes ago
- Time of India
Samsung Galaxy M36 to launch in India on June 27: Here's what the smartphone will offer
Samsung is all set to launch its latest M-series smartphone — Galaxy M36 5G in India. The company has confirmed that it will launch the Samsung Galaxy M36 in the country on June 27. 'Designed for young consumers, Galaxy M36 5G will come with Circle to Search with Google, furthering the democratisation of mobile AI to even more devices in the Galaxy ecosystem,' said the company. Samsung has also confirmed that the upcoming Galaxy M36 smartphone will be priced under Rs 20,000. Samsung Galaxy M36: Confirmed specifications Samsung has confirmed that the Galaxy M36 smartphone will come with 7.7mm thickness and will feature Corning Gorilla Glass Victus on top. The smartphone will come in three colour options - Velvet Black, Serene Green and Orange Haze. Galaxy M36 5G will come with advanced 50MP OIS triple camera to shoot sharp photos and videos. The company claims that the cameras on Galaxy M36 5G are designed for vivid shots—even in low light, thanks to its Auto Night Mode that takes the Nightography feature to a different level. Users will also be able to record 4K videos on both front and rear cameras, capturing a wide range of colours for true-to-life output. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Memperdagangkan CFD Emas dengan salah satu spread terendah? IC Markets Mendaftar Undo Samsung to launch Bespoke appliances in India soon Samsung is all set to expand its Bespoke home appliances lineup. The company has confirmed that it will launch the new range of Bespoke AI digital appliances on June 25 in the country. The company has revealed that the new range of appliances will come with intuitive, intelligent screens, two-way natural conversations, Knox security and SmartThings. 'With its 2025 Bespoke AI range, Samsung is committed to transform homes into truly smart, secure, and energy-efficient spaces that respond proactively to consumer needs, making home living simpler and seamlessly connected,' said the company. Samsung has not yet revealed the number of appliances, but as per the teaser image, the company is said to launch new Bespoke washing machine, refrigerator and air conditioners in the country. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
44 minutes ago
- Time of India
Rupee gains slightly to cap week clouded by Middle East conflict
The Indian rupee ended modestly higher on Friday but fell for a second consecutive week as the conflict between Iran and Israel remained the key driver for global markets and kept energy prices elevated, pressuring oil-sensitive currencies in Asia. The rupee ended at 86.5850, up from its close of 86.7225 in the previous session. It was down nearly 0.6% on the week. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If You Eat Ginger Everyday for 1 Month This is What Happens Tips and Tricks Undo While escalating tensions in the Middle East kept risk appetite under pressure for much of the week, markets found some relief on Friday after U.S. President Donald Trump pushed back a decision on U.S. military involvement in the Israel-Iran war. Brent crude oil prices declined more than 2% on the day after rallying to a five-month high of $79.04 per barrel earlier in the week. Most equity gauges in Asia logged gains, with India's benchmark equity indexes, the BSE Sensex and Nifty 50 , rising 1.3% each. Live Events Analysts pointed out that oil prices and the Middle East conflict would likely remain the key drivers for FX markets in the near term. On the day, the dollar index was a tad lower at 98.6 but was on course for a weekly gain. "The FX market has taken the somewhat lower probability of the U.S. intervening in Iran already this weekend as an opportunity to re-enter USD short positions, especially against European currencies," ING Bank said in a note. "This confirms that a constant flow of oil-positive, risk-negative geopolitical news is needed to keep the dollar supported," the note added. For the rupee, meanwhile, traders will also gauge the extent of portfolio inflows that a large IPO scheduled next week will draw. Sizeable inflows could help the rupee hold ground above the 86.50 mark while a sharp rise in crude oil prices could build momentum for a fall below 87, a trader at a foreign bank said.
Time of India
an hour ago
- Time of India
India builds 4-lane FTA roadmap: US and EU in sight, minerals and neighbours next
India has prepared a four-part strategy for its free trade agreements (FTAs), targeting developed countries, nations rich in minerals, developing economies, and its neighbours. The first phase of this approach is expected to materialise by the end of the year, with potential deals involving the United States and the European Union. According to Times of India, negotiations are already underway with several countries, including Chile, Peru, Australia, and New Zealand. In parallel, the commerce department is ramping up its negotiating teams and is also working to ensure that exporters are actually using the available preferential tariffs. Recent data points to improved utilisation of such tariffs, especially in the case of the UAE. However, detailed numbers for each country are still being collated by the commerce department. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If You Eat Ginger Everyday for 1 Month This is What Happens Tips and Tricks Undo The Modi government, which had previously taken a cautious approach towards FTAs, is now moving with a more structured plan. This shift came after India opted out of the China-led Regional Comprehensive Economic Partnership (RCEP) a few years ago. The first pillar of the new FTA framework is focused on complementarities. "If we are competing for the same set of products, it does not make sense to have an FTA," ToI cited an official. Live Events As a result, the government's initial focus has been on developed nations. These countries, due to their higher cost structures, are not seen as direct competition in labour-intensive sectors. But this strategy also requires India to move away from its usual reluctance to reduce tariffs on sectors previously considered sensitive. These include automobiles and products like wine and alcohol. The UK trade deal has already been finalised, while agreements with the EU and US are in progress. India and Canada have also agreed to restart discussions. Among neighbouring countries, some are off the table, such as China and Pakistan. But India is open to moving ahead with talks involving nations like Sri Lanka and Mauritius. At the same time, the government is trying to secure critical minerals and resources through its trade discussions. These include countries such as Australia, where a chapter on this issue is proposed in the expanded trade pact, as well as Chile, Peru, and nations in the Gulf region. Many of these also fall under the category of developing countries, a segment expected to gain more attention in coming years. While trade negotiations are ongoing, the commerce department is also reinforcing the structure and continuity of its teams. In nearly all talks, a team led by a chief negotiator—at the rank of additional secretary—is being constituted. This is supported by two joint secretaries. Other ministries are also involved in the discussions, since trade agreements have sectoral implications. These include the ministries of agriculture, labour, and various departments handling industrial goods. To build the necessary expertise, the Indian Institute of Foreign Trade has been asked to develop training modules. These are not only for government negotiators but also for private sector participants, a senior official said. All lessons from the ongoing negotiations are being documented, and standard operating procedures (SOPs) are now being prepared to guide future talks.
