The saudis are desperate to use their sovereign wealth fund to diversify (i.e. save) their economy.<p>The country has a lot of problems but I'm legitimately excited to see what they come up with. The first step to getting out of a hole is to recognize you're in one, and they have.<p>With any luck, economics-driven policy will lead to social change as well.
I think the headline is misleading at best.<p>It's transferring 25% of its stake into fund into which it has joint ownership. The headline makes it sound like its dumping its investment.<p>The mods changed the BBC's clickbait to something more accurate. Thanks mods!
So, does the availability of almost infinite oil money(i know, maybe not a realistic assumption, just an hypothesis) change the chances of ARM overtaking Intel in servers or PC's ?
Softbank also just started a merger of Intelsat and OneWeb.
<a href="https://techcrunch.com/2017/02/28/oneweb-is-merging-with-intelsat-softbank-to-invest-another-1-7b-in-new-satellite-co/" rel="nofollow">https://techcrunch.com/2017/02/28/oneweb-is-merging-with-int...</a>
I was always wondering why Softbank bought ARM. ARM is of course market leading processor design company but it is almost solely fabless and intellectual property company. I don't see how ARM would benefit Softbank.
Thats nice. For anyone wondering the Saudi-backed investment group is called "Mubadala".<p>Mubadala owns 100% of GlobalFoundries ( which brought the hardware division from IBM)