Tag: softbank books

  • SoftBank books US$7 billion quarterly loss on US data centre hit

    SoftBank books US$7 billion quarterly loss on US data centre hit

    TOKYO: Technology investor SoftBank Group said on Tuesday (Nov 10) it booked a net loss of 1.1 trillion yen (US$7 billion) in the July-September quarter, hit hard by hefty advance payments it made to support the buildout of data centres in the US.The result compares with 2.5 trillion yen profit in the same pe

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  • SoftBank books lower Q1 profit, gain on Intel stake

    SoftBank books lower Q1 profit, gain on Intel stake

    TOKYO, Aug 6 : SoftBank Group posted a smaller-than-expected 18 per cent drop in first-quarter profit on Thursday, buoyed by a gain on its stake in chipmaker Intel, even as it recorded no valuation gain from its holdings in ChatGPT developer OpenAI.The investment and technology conglomerate booked record net

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