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Qualcomm to Invest in SoftBank’s New Technology Fund

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follow the progress of technology from different sites to most famous technicals /Molly Schuetz by 2017-01-03 at 16:51

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Qualcomm to Invest in SoftBank’s New Technology Fund, WSJ Says

Qualcomm to Invest in SoftBank’s New Technology Fund, WSJ Says

– Half of fund is due to be invested in U.S., creating jobsQualcomm Inc., the largest maker of mobile phone chips, will invest in a new $100 billion technology fund that Japan’s SoftBank Group Corp. plans to launch this year, the Wall Street Journal reported.It was unclear how much the San Diego-based company would invest, the Journal said, citing unnamed people familiar with the matter.Qualcomm would join Apple Inc., which has also considered investing as much as $1 billion in the SoftBank fund, people familiar with the matter said earlier.

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Qualcomm to Invest in SoftBank’s New Technology Fund

Qualcomm to Invest in SoftBank’s New Technology Fund

– SoftBank Group Corp. has lined up chip maker Qualcomm Inc. as an investor in the Japanese firm’s new technology fund, helping the vast portfolio reach its $100 billion goal, according to people familiar with the matter.San Diego-based Qualcomm has moved toward finalizing its commitment in recent days, the people said.It joins Apple Inc., which previously agreed to invest in the fund, the people said.

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