SoftBank's Arm plans to set up chip training facility in South Korea [Yahoo! Finance Canada]
SOFTBANK GRP UNSP/ADR (SFTBY)
NASDAQ:AMEX Investor Relations:
softbank.jp/en/corp/irinfo/presentations
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Source: Yahoo! Finance Canada
The memorandum of understanding includes a ?plan for Arm to set up a chip design school in the country to tap its expertise in this ?area, Kim Yong-beom told reporters at a briefing. The programme aims to train about 1,400 high-level chip design specialists, a move that Kim said would help bolster the relatively weak system-semiconductor and fabless segments in Asia's fourth-biggest economy. British chip and software company Arm licenses its chip designs and earns ?funds through royalties. SoftBank CEO Masayoshi ?Son, who met with South Korean President Lee Jae Myung on Friday, said that demand for chips will rise dramatically as AI advances, Kim ?quoted Son as saying. The SoftBank CEO also noted that the energy sector was a weak point and South Korea did not have sufficient supply to support AI developments. Son repeated on Friday that he believes ?AI is set to surpass human intelligence and that Artificial Superintelligence would be "10,000 times ?smarter than people."
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