Apple Has Discussed Investing Up to $1 Billion in SoftBank's Global Technology Fund

Discussion in 'Politics, Religion, Social Issues' started by MacRumors, Dec 12, 2016.

  1. MacRumors macrumors bot

    MacRumors

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    Apple has held talks with SoftBank about investing up to $1 billion in the Japanese telecommunication giant's global technology fund, according to The Wall Street Journal. A deal has not been finalized, while the current status of the talks could not be determined, according to the report.

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    President-elect Donald Trump and Softbank CEO Masayoshi Son (Image: LA Times)

    The so-called "SoftBank Vision Fund," expected to launch next year, will be valued at up to $100 billion, which will be invested into emerging technologies like artificial intelligence and connected internet devices. SoftBank itself will invest at least $25 billion in the fund, while the Saudi Arabian government will pledge up to $45 billion.

    Apple's own investment would allow it to gain insight on emerging technologies, according to the report.
    Last week, SoftBank CEO Masayoshi Son said he would invest $50 billion of the fund in the United States and create 50,000 new jobs in the country following a meeting with President-elect Donald Trump. SoftBank is the parent company of U.S. carrier Sprint, which employs about 30,000 people.

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    Article Link: Apple Has Discussed Investing Up to $1 Billion in SoftBank's Global Technology Fund
     
  2. Boston007 macrumors 6502

    Boston007

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    "Last week, SoftBank CEO Masayoshi Son said he would invest $50 billion of the fund in the United States and create 50,000 new jobs in the country following a meeting with President-elect Donald Trump. SoftBank is the parent company of U.S. carrier Sprint, which employs about 30,000 people."

    Please tell me how this is a bad thing
     
  3. mozumder, Dec 12, 2016
    Last edited: Dec 12, 2016

    mozumder macrumors 6502a

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  4. ncbetz macrumors 6502

    ncbetz

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    If you like Trump or not, you cannot argue that more jobs in America are a bad thing.
     
  5. mozumder macrumors 6502a

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    Not sure what this has to do with Trump?

    He just seems to be hanging off the coattails of the work of other people.
     
  6. Boston007 macrumors 6502

    Boston007

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    That's why I was asking, I want to hear from the Trump haters why this is a bad thing because I know they will spin it negatively.
     
  7. DanielSw macrumors 6502

    DanielSw

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    Great news! Trump will be hitting the ground running, come Inauguration Day!
     
  8. Nr123*123 macrumors 6502

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    This is uuuuuge. Makes me want to grab something. Uuuge deal in making in America great again.

    Apart from the fact this has been in the pipeline for months.
     
  9. Boston007 macrumors 6502

    Boston007

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    Probably because they knew Trump would win ;)
     
  10. jayducharme macrumors 68040

    jayducharme

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    Now don't start confusing people with facts!
     
  11. d21mike macrumors 68040

    d21mike

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    I was not able to read then entire article because I can't login. But do you know if the $50 Billion just announced to be invested in the US and the additional 50,000 jobs was part of that article?

    I think the reason Trump is part of this is because of his proposed reduced corporate tax rate from 35% to 15% and the reduced regulations is what is expected will bring more investment and jobs into the US. This has not been recommend by Obama and those on the left. If that was planned along then great. Who would complain about $50 Billion being invested in the US no matter where the idea came from. This should not be a left vs right issue.
     
  12. miknos Suspended

    miknos

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    Thank Obama for increasing the debt from $5 trillion to almost $20 trillion and keeping interest rates artificially low. No president can do that bad.
     
  13. illegalprelude macrumors 68000

    illegalprelude

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    "Last week, SoftBank CEO Masayoshi Son said he would invest $50 billion of the fund in the United States and create 50,000 new jobs in the country following a meeting with President-elect Donald Trump. SoftBank is the parent company of U.S. carrier Sprint, which employs about 30,000 people."

    This is false.
     
  14. Nr123*123 macrumors 6502

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  15. 2010mini macrumors 68040

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    Because Trump really had nothing to do with this. Just like he took credit for the Ford decision that was in the works for years.

    I have no time to hate Trump. I just like facts.
     
  16. ksnell macrumors 6502a

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    The man was elected President of the United States. I am pretty sure he does not need coattails to get things done. SoftBank was given no financial incentive and instead said they were doing it because Trump will loosen regulations so small startups can grow easier.
    --- Post Merged, Dec 12, 2016 ---
    You seriously think the US economy is great at the moment?
     
  17. mozumder macrumors 6502a

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    Are you implying it's not?

    Is there anyone that believes the economy isn't great under President Obama, with low unemployment and solid GDP growth?
     
  18. ksnell macrumors 6502a

    ksnell

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    Trying to prove your point by name calling? Nice! Your cited article doesn't even show Trump running up as big of a tab as Obama!

    What you fail to realize is that if you decrease useless regulation and lower taxes, you will broaden your tax base, and do not need to charge exorbitant amounts of taxes. This is a main reason inner cities are failing. People are moving to the suburbs because taxes are so high in democratically run inner cities, and eventually, they have no one left to tax! How do I know this you ask? I am familiar with cities like Baltimore and Detroit.
    --- Post Merged, Dec 12, 2016 ---
    Oh wow you were serious. Okay please look at things like labor participation rate and the fact that so called "discouraged workers" are not counted in the unemployment rate. Then you will see the stats are not as good as you are thinking.

    Also there is the fact that more people are having to work multiple jobs to make ends meet now, and that home ownership is the lowest it has been in decades. The economy is stalled and falsely supported by the increasing debt.

    Speaking of which, Obama managed all of that while piling up a mountain of debt larger than the 43 presidents that came before him, COMBINED.
     
  19. Zombie Acorn macrumors 65816

    Zombie Acorn

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    Lowest workforce participation rate, lowest artificial interest rates, larger amount of debt accrued than all presidents combined, GDP is sluggish considering the fact that trillions have been spent and quantitative easing has been attempting to juice the economy since Obama came to office. Sounds more like an unsustainable bubble to me.
     
  20. magicschoolbus macrumors 6502a

    magicschoolbus

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    Because millennial don't want those jobs!

    We should be proving jobs that are better for the Information Age!

    It won't be green!

    #whatliberalssay
     
  21. mozumder macrumors 6502a

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    The debt comes from having to fix the broken economy left behind by the Republicans.

    You know it. I know it. We all know it.

    Why is it that every time the Republicans govern, we are left with a collapsed economy?
     
  22. ILikeAllOS macrumors 6502

    ILikeAllOS

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    Bernie is the one that says yuge.
     
  23. username: macrumors 6502a

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    Tim Cook is taking Apple into the big leagues. Where he lacks product vision, he has good investment instincts and is a trustworthy leader.
     
  24. Fender2112 macrumors 65816

    Fender2112

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  25. ksnell macrumors 6502a

    ksnell

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    Your selective memory is leaving a few things out (as noted in my previous post). The country is not better off than it was before. It may feel nice now (for some), but all that debt that was generated will need to be paid off by the American people sooner or later. Obama leveraged the assets of the American people that were supposed to be for future Presidents and members of Congress, all to try to make a legacy for himself. You know it. I know it. We all know it.
     

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