The gargantuan cash injection was led by SoftBank, Qualcomm, Grupo Salinas, and the Rwandan government.

"This will be one of Japan's biggest IPOs yet, with proceeds expected to reach around 2.5 trillion yen ($22 billion). "

Arm will be selling the 51% of Arm Technology China to a consortium led by Hou An Innovation Fund, which is jointly managed by ARM and Chinese private equity firm Hopu Investments, a source close to the deal told Reuters.

British chipmaker Arm Holdings, a SoftBank Group subsidiary, will cede control of its Chinese operations to a new joint venture involving itself and Chinese partners, people with familiar with the matter said.

SoftBank could relist Arm Holdings, the UK chip designer bought two years ago by the Japanese internet-to-telecoms conglomerate, according to its senior executive.

The move comes days after US President Donald Trump blocked Broadcom's $142bn hostile bid for the San Diego-based company over national security concerns.

Japanese giant Softbank is planning to list its mobile phone business in Tokyo and overseas, according to the Nikkei newspaper. Softbank confirmed in a statement that the share sale is an option but no decision has yet been made.

SoftBank and partners including investment firms Dragoneer Investment Group and General Atlantic are offering to spend more than US$6 billion for a stake that would value the ride-hailing company at US$48 billion, or about 30% lower than the valuation it fetched in its most recent round of fundraising, according to people familiar with the deal.

Profits at ARM Holdings have fallen for two quarters in a row as the iPhone microchip designer counts the soaring costs of a hiring spree under its new Japanese owners.

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

ARM Holdings, a British chip innovator controlled by SoftBank Group, will form a joint venture with Chinese partners "within months" to help companies in China develop semiconductor technologies, including products that could have security uses, a company executive told the Nikkei Asian Review on Monday.

Taiwan's Foxconn has asked for SoftBank Group's cooperation in its bid for Toshiba Corp's prized memory chip unit, the Nikkei business daily reported on Friday.

Chinese ride-sharing giant Didi Chuxing is weighing whether to take a $6 billion investment backed by SoftBank Group that could dilute existing backers such as Apple, people familiar with the matter say.

Japan's SoftBank is set to sell a roughly $8bn stake in Arm, the UK chip designer it purchased only six months ago, placing 25% of Britain's largest technology company into a new, Saudi-backed $100bn investment fund.

SoftBank, the owner of Sprint, is "open to all options" including an acquisition of rival T-Mobile USA, according to its chief executive, amid expectations that US president Donald Trump will be more receptive to megadeals.

The British company that designs iPhone microchips has posted a huge rise in sales in the first quarter since it was acquired by the Japanese tech giant SoftBank.

SoftBank has lined up chip maker Qualcomm as an investor in the Japanese firm's new technology fund, helping the massive portfolio reach its $100 billion goal, according to people familiar with the matter.

Apple has held talks to invest up to $1 billion in a new $100 billion tech fund being set up by Japan's SoftBank Group, a source familiar with the matter told Reuters on Monday.

SoftBank CEO Masayoshi Son told President-elect Donald Trump he would create 50,000 new jobs in the US through a US$50 billion investment in startups and new companies.

Key iPhone assembler Hon Hai Precision Industry, also known as Foxconn Technology Group, is trying to expand its foothold in the semiconductor industry by partnering with SoftBank Group-owned ARM to create a chip design center in the southern Chinese city of Shenzhen, according to people familiar with the matter.

SoftBank surprised the technology world with a plan to acquire British chip designer ARM Holdings for 瞿23.4 billion ($31.4 billion) back in July, the biggest ever purchase of a European technology company. After less than two months, SoftBank is announcing today that the transaction is complete.

More than 95% of the microchip designer's investors voted in favour of the deal at a meeting in London

High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/f22852f8-549e-11e6-9664-e0bdc13c3bef.html#ixzz4IEwuqbQI Ahead of the ARM deal, SoftBank had sold $20bn worth of its most valuable assets, including shares in Chinese ecommerce group Alibaba, Finnish game developer Supercell and Japan's GungHo Online Entertainment.

Son also briefly mentioned during the Japanese press conference that as soon as SoftBank announced the ARM acquisition deal, Son received a call from Alibaba's Jack Ma. "He was very enthusiastic. He told me that he is really interested in driving the China-ARM relationship."

Although based in Japan, Softbank is very much a Chinese company.

ARM founder Hermann Hauser said the result of the Softbank deal meant the "determination of what comes next for technology will not be decided in Britain any more, but in Japan".

It's buying an established titan that's well-placed for the Internet of things.

SoftBank Group is nearing a deal to buy ARM Holdings for more than $32 billion, people with knowledge of the matter said, securing a slice of virtually every mobile computing gadget on the planet and future connected devices.

The takeover of the number three mobile carrier in the US will make Softbank one of the world's three biggest mobile phone operators, with 96 million users.

Japan's new clean energy bill offers a tantalizing business bonanza and companies are scrambling to find an edge.

Trading company giant Mitsui & Co. plans to build huge solar power plants in the Tohoku region to help the region recover from the March 11 disaster by easing its power shortages, it was learned Wednesday.