QUALCOMM, Inc.(NASDAQ:QCOM) will be the first investor in the Japan’s SoftBank Group Corp new technology fund. According to people familiar with the matter the fund, which is worth $100 billion will be launched later in the year even though there are no clear details as to how much the San Diego-based company would invest.  However, even with the unknown details, Qualcomm seems to have joined the likes of Apple, which is also considering putting in an investment into SoftBank fund of not less than $1 billion.

The Softbank Vision Fund was made known in October. It later went full blown after a meeting between President-elect Donald Trump and SoftBank Chief Executive Officer Masayoshi Son who vowed to invest $50 billion in the U.S.  The money will be obtained from the fund, which has already gathered close to $100 billion in commitments even before its formal launch.

But there are more parties interested in the Fund

 SoftBank happens to be the third-largest mobile carrier in Japan and has been obtaining its expansions through deal making.  Apparently, there are more parties who have expressed interest in its investment the likes of the Qatar Investment Authority and the sovereign-wealth fund of Abu Dhabi. Actually, the latter is already in advanced discussions with Apple Inc.(NASDAQ:AAPL) according to The Wall Street Journal.  The telecom company’s commitment to contribute $25 billion towards the fund in the next five years has been backed up by another $45 billion of investment from Saudi Arabia’s government fund.

Some of the buyouts by SoftBank include that of taking control of a majority of U.S.-based Sprint Corp (NYSE:S) in 2013 and the most recent being the acquiring of ARM Holding PLC, at $32 billion.

Qualcomm and Apple survey further expansion of the Smartphone

According to Son, the industry will have much more to offer in the next 20years. For example, his prediction is that close to one trillion chips would go into gadgets the likes of watches. Meanwhile, both Qualcomm and Apple are also looking into a wider scope of expansion. The CEO’s from the two companies; Executive Chairman Paul Jacobs and Tim Cook are expected to work out something together. Apparently, each of the entities has recent accomplishments to show.   Qualcomm’s stock was trading at $65.40 witnessing an increase of $0.20 or 0.31%


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