SoftBank said to take $4b stake in chipmaker Nvidia

San Francisco

SoftBank Group Corp has quietly amassed a $4 billion (Dh14.7 billion) stake in Nvidia Corp, making it the fourth-largest shareholder in the graphics chipmaker, according to people familiar with the situation.

The Japanese company, which just closed its Vision Fund, disclosed it owned an unspecified amount of Nvidia stock when it announced $93 billion of commitments to the technology investment fund on Saturday. A holding of 4.9 per cent, just under the amount that would require a regulatory disclosure in the US, would be worth about $4 billion.