SoftBank Ventures hires Seung Lee as CFO

The JPY1 trillion issuance will help fund the Japan giant's acquisition of ABB's robotics division.

The banking group has large back-office centres in India, China, Malaysia and Poland; over 7,800 such roles could be impacted. The bank has also increased its profit targets for 2030 and confirmed group CFO and COO appointments.

Following an agreement in San Francisco, the Korean and US firms will collaborate across memory and foundry technologies, supporting the next generation of AI infrastructure as the semiconductor ecosystem becomes more sophisticated.

The aim of the stock purchase is to help boost advanced technology and semiconductor innovation in the US; Intel has been under the spotlight of the US administration in recent weeks.

Proposal from the Japan and US semiconductor firms for flash memory technology is contingent on government support.

Robotic firm's stellar listing will test appetite for humanoids, and whether the A-share market can expand its investor base; Alibaba's $10.2bn equity raise will fuel its AI ambitions.