Apple and Trump In Talks With Tech Fund

Posted by Kirhat | Monday, December 19, 2016 | | 0 comments »

Despite being at each other's throat in the past few months, Apple and president-elect Donald Trump have one thing in common: They've both held talks with leaders of one of the world's biggest technology investment funds.

According to The Wall Street Journal, Apple held talks to invest up to US$ 1 billion in SoftBank's US$ 100 billion technology fund.The status of those talks are currently unclear and nothing has been finalized, the Journal reported.

A Reuters source also reported that Apple and SoftBank are in talks about the investment in a new technology fund.

The report comes after Trump hosted SoftBank CEO Masayoshi Son at Trump Tower a few days ago. There, Son reiterated his plans to invest in more U.S. technology companies, revealing documents that showed an agreement to invest up to US$ 50 billion of the fund in the U.S., aiming to create 50,000 jobs.

Japan-based SoftBank has long had ties to Apple, after the pair collaborated on the release of the iPhone in Japan, the Journal reported. Indeed, at Trump Tower, Son's documents also featured the logo of Foxconn, also known as Hon Hai, a supplier for Apple's iPhones.

Still, a US$ 1 billion investment would be a relatively rare move for Apple, who despite hoarding US$ 237.6 billion in cash, rarely makes big, high-profile purchases.


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