[HN Gopher] SoftBank Group to Acquire Ampere Computing for 6.5B
       ___________________________________________________________________
        
       SoftBank Group to Acquire Ampere Computing for 6.5B
        
       Author : geerlingguy
       Score  : 196 points
       Date   : 2025-03-20 01:58 UTC (21 hours ago)
        
 (HTM) web link (group.softbank)
 (TXT) w3m dump (group.softbank)
        
       | jauntywundrkind wrote:
       | Ampere is still the only people making a decent purchaseable ARM
       | server. Not loving the idea of there being a bunch of new debt
       | hovering over them now.
        
         | bayindirh wrote:
         | I use their servers in a couple of cloud environments. That
         | little things are snappy, for what I have given them as tasks.
         | Wish them best of luck to the future.
        
           | tracker1 wrote:
           | The same goes for most recent/powerful mini pc options. Been
           | using an R9-5900X based one for a few years now, runs great
           | as a home server.
        
         | jjtheblunt wrote:
         | What about
         | 
         | https://www.apple.com/shop/buy-mac/mac-pro/rack#
        
           | Eikon wrote:
           | That's not a server. It is a rackable desktop.
           | 
           | You won't run general purpose server apps on this.
        
             | sitkack wrote:
             | Not with that attitude you won't. Clearly the machine is
             | the wrong color for your workloads.
        
             | bayindirh wrote:
             | What is a general purpose server app?
             | 
             | Does Apple prevent their users running applications which
             | listen to outside connections?
        
               | theshrike79 wrote:
               | I think the issue is that you'll have the base macOS
               | system with GUI and all taking up resources.
               | 
               | Compare that to a bare metal install of Proxmox or
               | similar.
        
               | bayindirh wrote:
               | Yeah, I know, but given that you leave the user not-
               | logged in and set the items system-wide startup items,
               | the memory pressure on a 64GB system can be seen as
               | negligible with some mental flexibility.
               | 
               | I think the primary use for a rackable server like this
               | is automating building and testing of macOS native, or
               | macOS specific applications you develop, or build them.
               | Or as a shared remote desktop host for specific tasks.
               | 
               | Also we had (recently deprecated) macOS Server package
               | for quite some time. So it's not unsuitable for servers.
               | It's _more_ suitable for specific jobs as a server.
               | 
               | Installing Linux servers are _too_ easy now, so I don 't
               | think macOS should evolve a "server-specific" version
               | either.
        
               | oneplane wrote:
               | Proxmox runs fine on M-series Macs. macOS also runs fine
               | with no GUI.
               | 
               | Either way, it wouldn't be a good fit when Ampere exists.
               | 
               | For low power modular compute, the way GitHub and Amazon
               | re-package Mac Minis is not the moest efficient way to
               | get Apple hardware in a rack with remote management (and
               | still no ECC), but it does have a performance per watt
               | and compatibility for macOS CI workers that you can't get
               | any other way.
               | 
               | Ideally, this stops being an issue when the ARM64
               | ecosystem can build those apps natively. We're pretty
               | close on that one, and it means you can use Ampere and
               | Graviton for that.
        
               | znpy wrote:
               | have fun when that cheese grater hangs in the datacenter
               | and you have to physically go in there to push a button,
               | connect a display, a keyboard and a mouse to do
               | troubleshooting, because apple in their infinite wisdom
               | has decided that a rackable mac should not have ipmi.
        
               | bayindirh wrote:
               | Why not use JetKVM [0], and a remotely switchable
               | datacenter PDU?
               | 
               | [0]: https://jetkvm.com/
        
               | znpy wrote:
               | you certainly could... but when you're spending mac-pro
               | money you might as well get a machine with built-in ipmi.
               | 
               | it's not that you can't -- it's just inefficient: you're
               | spending more money for less features.
        
           | terinjokes wrote:
           | No BMC, severally limiting remote management, so operations
           | teams responsible for physical servers don't want to touch
           | it.
           | 
           | JetKVM is a remote KVM, not remote management. It does not
           | have the same integration into the internals of a server.
        
             | ahoka wrote:
             | But it comes with a ... checks notes ... magic mouse!
        
               | nazgulsenpai wrote:
               | Upvoted to save you, out of pity for this terrible joke.
               | :)
        
               | indrora wrote:
               | Great, I can still make the HMS Courage[0]
               | 
               | [0]https://www.igen.fr/accessoires/2015/11/non-la-magic-
               | mouse-n...
        
             | Twirrim wrote:
             | They also won't provide any guarantees about components
             | continuing to work, such as booting over thunderbolt that
             | some clouds rely on. There's an awful lot of financial risk
             | in providing MacOS as a service.
        
             | robbiet480 wrote:
             | Apple has a BMC on the Mac mini, Mac Studio and Mac Pro.
             | It's called Lights Out Management (LOM).
             | https://support.apple.com/guide/deployment/lights-out-
             | manage...
        
               | terinjokes wrote:
               | AFAICT LOM only has three commands "PowerON", "PowerOFF",
               | and "Reset", a far cry from what other BMC provide. It
               | also requires another Mac in the same LAN to be the
               | controller, and you cant use static IPs (which is pretty
               | common for BMC VLANs).
               | 
               | Also it seems unsupported for the Mac Pro (2023) this
               | thread is about?
        
           | dvdkon wrote:
           | In addition to the problems other people have pointed out, it
           | just doesn't have comparable specs to something like Ampere's
           | Altra or AMD's Epyc.
           | 
           | 24 CPU cores and 192 GB of memory might be enough for a small
           | company's single on-site server, but those will likely want
           | lots of storage and not want to deal with an exotic platform.
           | Anyone who's willing to deal with ARM and macOS on a server
           | will likely want a lot more performance per 1U.
        
             | Twirrim wrote:
             | Agreed. Rack density is the biggest thing once you get away
             | from "a handful of servers", be it CPU, memory, or storage
             | density.
             | 
             | Side note: I'm curious where this 1:8 ratio of cores:memory
             | came from. Everyone seems to be standardising on it, even
             | at VM levels
        
           | pjc50 wrote:
           | SEVEN AND A HALF THOUSAND DOLLARS? No wonder we do all our
           | Mac CI work on Mac minis.
           | 
           | Macs remain completely horrendous to remote-administer.
        
           | ForTheKidz wrote:
           | Bro, come on. Apple hasn't even tried to pretend they're in
           | the server game for at least a decade now. You're paying for
           | dozens of features you'll never use. They don't even have
           | drivers for their own hardware outside of fucking _windows_ ,
           | let alone documentation about how their machines are intended
           | to work.
           | 
           | I love my macs but apple will _never_ be a cost or
           | reliability solution to computation unless they do a complete
           | 180. They 're a boutique/luxury firm that can choose which
           | markets they want to dominate. If you think there's not a
           | small horde of people at Apple trying to figure out how to
           | pitch bringing the xserve back, I have a bridge to sell you.
           | But unless they can convince CTOs to become sysadmins it'll
           | never be a viable way for a company as large as Apple to
           | drive hardware development.
        
             | tracker1 wrote:
             | I think they could be a decent provider for SOHO options...
             | such as the space filled by Synology on the lower end. It's
             | pretty competitive on cost, but Apple could really play it
             | in concert with their wifi/airplay solutions etc. Like a
             | home-base for SOHO.
             | 
             | Then again, the more I think on it, the worse an idea it
             | is. Too locked-in and out for being able to run the likes
             | of Jellyfin, etc. It could be a good option for a "Server"
             | mac.. but would still make more sense for it to run Linux
             | as a base.
        
           | ciupicri wrote:
           | There's no mention of ECC memory.
        
           | burnte wrote:
           | Apple products are not server grade equipment.
        
           | mort96 wrote:
           | 24 cores isn't that much, and you end up with a huge hulking
           | GPU just sitting there doing nothing, you can't run a well-
           | supported server OS on it so it can't really be used as a
           | server, and it's extremely expensive for what it is. I'm not
           | really sure what makes you think it's worth bringing up.
        
           | pdpi wrote:
           | That's a rack-mounted workstation, not a server.
        
         | hereonout2 wrote:
         | Got a chance to play about with the Altra Max to do some batch
         | jobs last year.
         | 
         | 128 cores going 100% in htop was fun!
        
           | tempest_ wrote:
           | The main problem with those is the memory controller starts
           | to degrade a lot when you use all 128 of those cores.
           | 
           | We were doing some testing and > 96 cores at 100% caused a
           | massive degradation in performance. We ended up going with
           | dual 32C/64T Epycs (which cost twice as much) as a result. If
           | they fix it in the Altra One chips they will be back on the
           | table though because they were very good power wise for our
           | workload and quite price competitive in a supermicro chassis.
        
         | kcb wrote:
         | You can buy Nvidia Grace CPU only systems. Neoverse V2 is
         | actually pretty solid.
         | 
         | https://www.supermicro.com/datasheet/datasheet-NVIDIA-MGX-1U...
        
       | pjmlp wrote:
       | Well, I guess it was either them or Oracle, given previous
       | acquisition rumours.
        
         | bayindirh wrote:
         | Given Oracle's tendency to use pillows on processor
         | architectures and bury them at night, Softbank is possibly the
         | better of two evils?
         | 
         | Jokes aside, I don't believe Oracle would evolve the A1s beyond
         | what they need, and stagnate them for years instead.
        
           | pjmlp wrote:
           | Might be, but that is the thing, while it is tradition to
           | complain about Oracle, in many cases their are the only ones
           | that show up at the door with the suitcase full of money.
           | 
           | So where are the others that supposedly are better than them?
           | 
           | In this case, Softbank will be having ARM and Ampere.
        
             | bayindirh wrote:
             | This depends on definition of "better". Maybe your question
             | is better suited as "So, where are the others that
             | supposedly are _richer_ than them? "
             | 
             | In that case, we have the CPU manufacturers, which already
             | do this as the business, Google, which is not _that_
             | interested, or already make their own chips, Apple, which
             | has an in-house CPU /GPU company, and probably IBM, which
             | also designs and builds their own processors.
             | 
             | So, the only interested shopper in the vicinity is Oracle,
             | and they happen to have the money. The others have the
             | money, but not the interest.
        
               | pjmlp wrote:
               | Indeed, which kind of proves the point, in the scenarios
               | where the only shopper at shows at the store is Oracle,
               | the alternative is bankruptcy.
        
               | mbreese wrote:
               | Was Ampere going bankrupt though?
               | 
               | I think the fear is that if Oracle was the purchaser,
               | then that would be good for Oracle, but not necessarily
               | the rest of the ARM ecosystem. Given Softbank's ARM
               | investment, it is in their interest to try to keep the
               | ecosystem healthy.
        
               | pjmlp wrote:
               | I was speaking in general.
               | 
               | In the specific case of Ampere it remains to be seen, it
               | wasn't that healthy also.
               | 
               | https://www.theregister.com/2024/09/26/oracle_ampere_stak
               | e_c...
        
           | whizzter wrote:
           | I think SB might've upped the bid a bit extra with Oracle as
           | the other suitor. With Graviton and Ampere processors owned
           | by hyperscalers it would've been a very unfortunate time for
           | the ARM server market to become stagnant.
           | 
           | Right now ARM is in a golden position to take server market
           | pieces, higher compute densities with simpler i-set and good
           | software support thanks to years of mobile and now Apple
           | support (most language implementators wants things to run on
           | Mac's so bugs and perf have been getting fixed)
           | 
           | If Oracle would've bought them, third parties (in this case
           | including both Microsoft with Azure and Google) would
           | probably have held back on ARM investments (not to mention
           | smaller operators), Qualcomm being in lawsuit mode would also
           | had sown doubt, maybe some other manufacturer would introduce
           | chips in the meanwhile but they would be small and given time
           | Risc-V might even pop up on the horizon as an alternative
           | hurting ARM on server chances even more.
           | 
           | Now they're "independant", with better software support than
           | ever, guaranteeing availability to smaller parties (at a time
           | when many of those are outside the US and wanting
           | alternatives) and a chance to benefit from vertical
           | integration.
        
             | tracker1 wrote:
             | Not sure on that... AMD's 128+ core servers are competitive
             | to ARM on power per unit of work and exceed them on total
             | compute. It's still very competitive.
        
           | twoodfin wrote:
           | I'd love for someone more informed to provide some insider
           | detail, but by appearances Oracle really, really tried to
           | make SPARC a differentiator for them after the Sun
           | acquisition.
           | 
           | They were shipping new systems (M8) based on a consistent in-
           | house evolution of SPARC almost 8 years after the
           | acquisition, a veritable eternity in tech time.
           | 
           | Eventually the market just said, no, we want x64 and a path
           | to Cloud.
           | 
           | One wonders if they'd kept at it for a few more years whether
           | they'd have needed to bid for Altera at all, given the gaps
           | opened up by Intel's struggles.
        
             | pjmlp wrote:
             | Which is a pity, given that Solaris SPARC has been doing
             | hardware memory tagging in production for a decade now.
        
       | klelatti wrote:
       | So Softbank now competes with Arm's customers and (unless I've
       | missed something on new governance arrangements) also gets access
       | to confidential information on Arm's customers' businesses
       | (plans, volumes etc). Hmmm.
        
         | whizzter wrote:
         | It kinda makes sense though, ARM has been creeping upwards over
         | the years and yet afaik outside of Ampere no ARM server
         | supplier has become serious (outside of inhouse variants such
         | as Amazon Graviton).
         | 
         | So combining ARM and Ampere operations doesn't hurt any current
         | big customers in the mobile field (apart from perhaps Qualcomm
         | but they're in lawsuit mode there anyhow).
         | 
         | They also make sure to make the ARM alternative available to
         | smaller customers (As an option besides AMD and Intel servers)
         | instead of being gobbled up by f.ex. Oracle (making the big
         | server ARM implementations inhouse to 2 of the big platform
         | operators).
         | 
         | Not to mention the silver lining, combining the ops will give
         | it more credence in the enterprise market that seems to have
         | damn good margins (some have attributed AMD's resurgence and
         | Intel's troubles to Intel slipping in server sales).
        
           | klelatti wrote:
           | Largely agree. Arm / Softbank is in a tricky place if there
           | are no credible customers in a given market. Does it just sit
           | on its hands or actually get out there and build some chips!
           | It has helped fund or help some startups that were using Arm
           | designs to get into new markets (eg Annapurna Labs) but
           | sometimes that doesn't work out at all (Nuvia!)
           | 
           | And to be fair I think Rene Haas has been fairly upfront
           | about changing their approach.
        
         | SecretDreams wrote:
         | Kind of like Nvidia selling GPUs and also offering cloud GPU
         | services?
        
           | klelatti wrote:
           | Somewhat but not competing with its customers has been a
           | central part of Arm's proposition for three decades, for good
           | reason. There are at least a lot of competitors for Nvidia's
           | design. Your options if you want to build a server core are a
           | lot more limited.
        
           | re-thc wrote:
           | > Kind of like Nvidia selling GPUs and also offering cloud
           | GPU services?
           | 
           | Different in that ARM only 'designed'. It's more like a
           | framework / library / tool (a very feature complete 1).
           | 
           | The Nvidia case is more similar to having a self-install and
           | then a cloud hosted version of the same software.
        
         | alberth wrote:
         | Isn't Ampere essentially the only company making _server_ grade
         | ARM chips.
         | 
         | And all the rest of ARM customers are making mobile/desktop.
         | 
         | So Ampere is going after a completely different segment that
         | the rest of ARM customers aren't addressing.
        
           | jsheard wrote:
           | They're the only company _selling_ server grade ARM chips but
           | others are rolling their own for internal use, such as
           | Amazons Graviton line. That 's Ampere's problem really, their
           | biggest potential customers are so big that they can afford
           | to cut out middlemen like Ampere.
        
             | _huayra_ wrote:
             | Even if Ampere could afford to undercut the internal
             | development of these hyperscalar ARM chips (which to my
             | knowledge they cannot), there is more value in in-housing
             | ARM chips like Amazon / Microsoft are doing: you can more
             | easily try out wacky ideas in chip / firmware design.
             | 
             | Often times these companies might have an idea for how to
             | save power / tweak cores in a weird way on a CPU, but have
             | a chicken-and-egg problem with not knowing exactly how much
             | it'll reduce COGS. Not knowing that and having to negotiate
             | with a vendor (who will often want to charge more for the
             | feature) means that it's difficult to do unless it's an
             | obvious slam-dunk.
             | 
             | By bringing chip development in-house, adding new features
             | skews more towards a political decision that requires less
             | rigorous financial calculations (e.g. "how much power will
             | this save relative to the vendor_cost++ and our own
             | developer cost?" for 3rd-party chips). It basically allows
             | these cloud providers to ship new features more quickly in
             | their CPUs.
        
               | IshKebab wrote:
               | Yeah and you can solve exactly your problems without
               | worrying about anyone else.
        
             | wmf wrote:
             | Yeah, Ampere's only customers appear to be Oracle Cloud and
             | some hobbyists. I was kind of expecting Oracle to buy them.
        
               | jsheard wrote:
               | Hetzner offers Ampere boxes too, but they're not exactly
               | a hyperscaler.
        
               | carlhjerpe wrote:
               | ++ ScaleWay has Ampere ARM too
               | 
               | I use Hetzner ARM machines myself and they're great, and
               | something something i THINK there's less abuse and noisy
               | neighbors on ARM since it's slightly less skiddie
               | friendly (can't run random x86 binaries)
        
             | Moose_the_Goose wrote:
             | Mikrotik some how got a hold of Graviton cpu's for their
             | Flagship router and now their new NAS/Router/Container
             | Server.
             | 
             | https://mikrotik.com/product/rds2216
             | 
             | Interesting enough Mikrotik announced a co-development with
             | Ampere last year. https://help.mikrotik.com/docs/spaces/ROS
             | /blog/2024/09/24/27...
        
               | jsheard wrote:
               | Interesting... that AL73400 part they're using is the
               | first generation Graviton, and AFAICT that's not
               | available on AWS anymore. Maybe Amazon considers it
               | obsolete and is selling their stocks off to third parties
               | like MikroTik?
        
           | bionade24 wrote:
           | Isn't Marvell/Cavium still in the ARM server business, too?
        
             | sgerenser wrote:
             | Not since 2020:
             | https://www.networkworld.com/article/969117/marvell-exits-
             | th...
        
           | rabunite wrote:
           | Nvidia is making arm server cpus.
        
           | indrora wrote:
           | Ampere is the only one with a _license_ to make server-grade
           | ARM chips.
           | 
           | There's a distinction that has to be made here.
        
         | tarkin2 wrote:
         | Isn't Arm now venturing into the product, rather than just
         | specification, market and so this acquisition could help Arm?
        
       | DeathArrow wrote:
       | And Google just spent five times that to acquire a cyber security
       | startup with 1000 customers.
       | 
       | Is hardware so much less valuable?
        
         | sitkack wrote:
         | They are totally separate the Wiz thing is a reverse IDF
         | merger.
         | 
         | The SB purchase is part of Arm completely restructuring their
         | IP philosophy and business model. Ampere was sold for "so
         | little" because Arm could effectively just cut them off as soon
         | as their contract ran out. This was a cleaner transfer.
         | 
         | Arm is bringing everything back in house, ceding the low end to
         | RISC-V and taking the high end back in and producing their own
         | silicon.
        
           | mola wrote:
           | A what?
        
             | sitkack wrote:
             | https://www.calcalistech.com/ctechnews/article/sjfc118vn1e
        
               | riffraff wrote:
               | perhaps you think this explains something but honestly it
               | does not.
               | 
               | I mean, yes, these people are ex-israeli army, but why
               | would Google want to pay 32B for ex-IDF people? Surely
               | there's more of them out there?
        
               | radicalbyte wrote:
               | Israel have National Service so pretty much every working
               | there is ex-Army.
        
               | DeathArrow wrote:
               | These people are from an intelligence agency, not just
               | army.
        
               | lotsofpulp wrote:
               | Wouldn't it be expected that those most capable with
               | technology and software be routed to the intelligence
               | agency, rather than the front lines or something?
        
               | snotrockets wrote:
               | Not if you know how militaries and intelligence agencies
               | are run.
        
               | snotrockets wrote:
               | This is a wild exaggeration - very few people are a good
               | fit for serving in a military, and while the Israeli army
               | ignores that, and drafts many it shouldn't (resulting in
               | high suicide rates on one hand, and alleged war crimes on
               | the other), it still only drafts ~69% of AMAB and 55%
               | AFAB.
               | 
               | It does gives free technical education and experience for
               | some recruits (not necessarily the top, and that
               | experience isn't always teh best), but of course that
               | affects tech employment - you'd see higher rates of
               | service across tech employees, as that service gave them
               | a jump start on their tech education.
               | 
               | That said, even if the Israeli military decides to draft
               | a person, that person can stand up and refuse. It ain't
               | "free" (may result in imprisonment,) but it's a choice
               | that even if too few make, it is one, and making it is a
               | strong signal about what kind of person they are.
        
               | awongh wrote:
               | They're referring to this:
               | https://en.wikipedia.org/wiki/Unit_8200
               | 
               | You can scroll down to see the companies founded by
               | alumni.
               | 
               | The Meta CISO is ex-8200.
        
               | mola wrote:
               | The unit gets to pick the most talented before the rest
               | of the army. Most israeli startups are founded by unit
               | alumni.
               | 
               | I'm not sure I understand what reverse merger means, or
               | what OP is implying
        
               | mola wrote:
               | So, israeli tech is built by ex idf? You know most
               | israeli are ex idf?
        
               | asdffdasy wrote:
               | but not all are previously high ranking ones.
        
         | alephnerd wrote:
         | > Is hardware so much less valuable?
         | 
         | Margins and TAM.
         | 
         | Those 1000+ customers at Wiz have 7-8 figure TCV deals (I have
         | personally seen a couple of those contracts), and have pipeline
         | in multiple industry verticals - Tech, Telecom, ONG,
         | Healthcare, Finance, Insurance, etc
         | 
         | An embedded and telco oriented firm like Ampere has weaker
         | margins as they have to manufacture hardware, which drastically
         | reduces the amount of money available.
         | 
         | It's also a smaller and more consolidated market with a weaker
         | TAM.
        
         | pjc50 wrote:
         | Yes. Hardware costs money to scale.
        
       | yapyap wrote:
       | Softbank is such an odd company.
        
       | ksynwa wrote:
       | TIL .softbank is a TLD now
        
         | myself248 wrote:
         | Opening up TLDs beyond the originals and CCTLDs completely
         | invalidated assumptions about what domains and domain names
         | should mean. A massive disservice to everyone whose intuition
         | was helping them avoid scams and squatting, but hey, at least a
         | lot of money changed hands.
        
           | tracker1 wrote:
           | Yeah... I'm pretty burnt on them too... then again, I own
           | about 20 I'm not actively using. Still not fun when you are
           | just trying to come up with a domain name for an idea and
           | everything is parked and/or they want thousands for the name.
        
         | npongratz wrote:
         | Indeed, since January 2016: https://icannwiki.org/.softbank
         | 
         | And confirmed by the Wayback Machine:
         | 
         | https://web.archive.org/web/20160116175915/http://data.iana....
        
       | alephnerd wrote:
       | A lot of people are ignoring the fact that SoftBank Group is also
       | one of the largest players in the telco market globally (that's
       | how they started) [0] and that played a role in their Arm
       | strategy and Eutelsat OneWeb strategy.
       | 
       | It's useful to look at the Ampere acquisition from the same lens,
       | as Ampere is heavily used for telco usecases [1]
       | 
       | SoftBank Group has heavily invested in O-RAN to act as the base
       | technology for what will become 6G, and they have been making a
       | number of partnerships, investments, and acquisitions
       | specifically around this [2][3].
       | 
       | SoftBank has been working on a 6G/Beyond 5G strategy for several
       | years now [4] - primarily targeting embedded usecases such as
       | autonomous vehicles [5][6]
       | 
       | [0] - https://www.softbank.jp/en/
       | 
       | [1] - https://amperecomputing.com/press/ampere-accelerates-
       | expansi...
       | 
       | [2] -
       | https://www.softbank.jp/en/corp/news/press/sbkk/2024/2024022...
       | 
       | [3] - https://www.o-ran.org/membership
       | 
       | [4] - https://www.suasnews.com/2021/08/softbank-corp-
       | unveils-6g-co...
       | 
       | [5] -
       | https://www.softbank.jp/en/corp/technology/research/news/051...
       | 
       | [6] -
       | https://www.softbank.jp/en/corp/technology/research/news/069...
        
         | downrightmike wrote:
         | Is anyone happy with telco price gouging? In spite of whatever
         | else they are doing, they always price gouge and allow
         | spam/ransom calls.
        
       | brcmthrowaway wrote:
       | Did anyone get a haircut?
        
         | wmf wrote:
         | A $6.5B exit on ~$800M invested actually looks decent.
        
       | zoobab wrote:
       | Softbank is BigOil money.
        
         | alephnerd wrote:
         | Wrong. It's telco money - SoftBank Group is primarily a telco
         | vendor and provider, and works closely with NEC, DoCoMo,
         | T-Mobile, Vodafone, and Airtel.
         | 
         | SoftBank Vision Fund is a separate subgroup of SoftBank
         | targeted at VC, and was largely operated and managed by ex-
         | Deustche Bank alumni due to Rajeev Misra and Colin Fan poaching
         | their colleagues like Ziyad Al-Ashaikh (the guy who helped land
         | the Saudi PIF deal), Akshay Naheta, Munich Verma, Saleh Romeih,
         | etc
        
           | Havoc wrote:
           | The fund LPs are definitely oil heavy so wouldn't say he's
           | wrong
        
             | alephnerd wrote:
             | In Vision Fund yes, but Vision Fund is just a part of the
             | larger SoftBank Group, and did NOT partake in this
             | transaction. This was a transaction done by SoftBank Group
             | directly.
             | 
             | And much of Vision Fund's MENA LPs would leave if a couple
             | key Vision Fund partners were to leave - they did the same
             | with Desutche Bank.
        
       | lvl155 wrote:
       | Are we peak ARM yet? Jokes aside, with coming decline in x86, why
       | is AMD so slow to introduce ARM products?
        
         | FuriouslyAdrift wrote:
         | AMD has an entire line of ARM chips and there's an ARM in every
         | x86 CPU they make. They've been making ARM chips for a long
         | long time.
         | 
         | https://www.amd.com/en/products/adaptive-socs-and-fpgas/soc....
         | 
         | https://en.wikipedia.org/wiki/AMD_Platform_Security_Processo...
        
           | rnrn wrote:
           | I assume the question is why AMD is not making EPYC or Ryzen
           | processors with Arm cores for the application processors.
           | 
           | AMD continuing to have the Xilinx line of FPGAs with some
           | Cortex cores and having Arm management cores that run
           | firmware doesn't really address this.
        
             | toast0 wrote:
             | AMD said in 2021 that they were ready to build ARM
             | chips[1], but honestly, I don't see the market for it. AMD
             | could put an ARM frontend on Ryzen (and various interviews
             | said they've prototyped it), but I don't think it would
             | make a significant difference in compute/watt or whatever
             | other metric, and there's not much in the way of ARM only
             | software that people want to run. Maybe macOS, but you can
             | still run that on amd64 afaik.
             | 
             | amd64 is still the default platform for desktop and server
             | software. You can have arguments about the ISA, but for the
             | most part that doesn't actually matter; amd64 is good
             | enough, upstart cpu makers choose ARM not because it's
             | better than amd64, but because it's at least good enough
             | and licenses are available.
             | 
             | [1] https://www.tomshardware.com/news/amd-we-stand-ready-
             | to-make...
        
               | tracker1 wrote:
               | Also worth noting that AMD is doing quite well on the
               | server market with the c cores in terms of compute per
               | watt over ARM options.
        
           | mort96 wrote:
           | I don't think ARM cores doing system management stuff that's
           | not exposed to the user as a general purpose CPU really
           | counts. But those SoCs count for sure, I didn't know they
           | made those.
        
         | rnrn wrote:
         | I don't think x86 as an ISA is necessarily declining much and
         | AMD has products with zen4c / zen5c compact cores intended to
         | compete with Arm server products. AMD doesn't have to pay
         | licensing / royalties for x86 AFAIK and probably would prefer
         | to keep x86 and not start paying arm and creating any adoption
         | barrier form a change of ISA (however small) if they can make
         | competitive x86 cores.
        
         | everfrustrated wrote:
         | Because people are (mass generalisation) mostly only buying Arm
         | to save money over x86. For AMD to get into Arm would be to
         | kill their profit margins. Same curse that Intel had.
        
         | MangoCoffee wrote:
         | >with coming decline in x86
         | 
         | What indication is there that x86 is on the decline? Intel
         | might be on the decline, but AMD seems to be doing fine, and
         | Windows on ARM looks to go nowhere, even with Qualcomm's latest
         | Snapdragon
        
         | trynumber9 wrote:
         | What ARM core is available for AMD to use that is better than
         | what AMD has been shipping in Turin?
         | 
         | Adapting Zen to a simpler-to-decode architecture would cost
         | more than licensing a core from ARM. The Zen 5 front-end is
         | adapted for working around deficiencies of x86 with dual-decode
         | SMT craziness.
        
       | siavosh wrote:
       | Can someone knowledgeable explain SoftBank? Is it partly a
       | Japanese sovereign fund...I've become less and less interested in
       | its investments as it seems to simply act like a giant government
       | money channel with questionable investments that don't seem to
       | make sense from a typical VC/PE perspective. Ie is its ultimate
       | goal not merely profit?
        
         | alephnerd wrote:
         | It's an investment company that primarily specializes in
         | Telecom and telecom adjacent industries (eg. Internet
         | companies, Energy, Space Tech, Hardware).
         | 
         | Most people on HN have only heard of SoftBank's Vision Fund,
         | but that's basically an autonomous organization within SoftBank
         | staffed with Deustche Bank alumni who left in droves in
         | 2017-2020.
         | 
         | > Ie is its ultimate goal not merely profit?
         | 
         | Yes. Their goal is profit.
         | 
         | > I've become less and less interested in its investments as it
         | seems to simply act like a giant government money channel with
         | questionable investments that don't seem to make sense from a
         | typical VC/PE perspective
         | 
         | This investment is part of their strategy for 6G and IIoT,
         | which is synergistic with their telecom focus.
         | 
         | There has been work over the past 4-5 years to become the
         | leader for creating the standards for 6G, and SoftBank is
         | trying to position themselves to be that player.
        
           | alephnerd wrote:
           | ^ Left DB (not SoftBank) in droves. SoftBank is relatively
           | hands off compared to most Japanese firms. Son's experience
           | at Cal (go bears!) def helped
           | 
           | MunichRe is trying the same strategy. You'll see their name
           | in the next 10 years just like SoftBank ;)
        
         | re-thc wrote:
         | > Ie is its ultimate goal not merely profit?
         | 
         | This isn't the vision fund or any of those VC initiatives from
         | SoftBank.
         | 
         | I'd see this as SoftBank who owns ARM is now buying something
         | useful in the same group / segment to consolidate.
         | 
         | Having said that interest in Japan is at record lows (compared
         | to the rest of the world) so financing is a lot easier.
        
         | alberth wrote:
         | It's just a VC.
         | 
         | But it's so big (maybe biggest in the world), so its reach and
         | influence is immense. And as a result, it has raised money from
         | nations and other enormous entities.
         | 
         | Run by Masa who many consider an oracle because his placed
         | massive bets years before other people and those bets have paid
         | of big.
        
           | hn_throwaway_99 wrote:
           | > Run by Masa who many consider an oracle because his placed
           | massive bets years before other people and those bets have
           | paid of big.
           | 
           | I'm not sure how many folks these days would consider him an
           | "oracle". He clearly did fabulously well with some early
           | Internet investments, but he also was famous for folly after
           | folly of overpriced investments in the 2010s (the Softbank
           | "Vision Funds").
           | 
           | I'd be curious if there is a simple accounting list of
           | Softbank's major investments ranked from biggest winners to
           | biggest losers. I guess it pretty much highlights the
           | dynamics of the VC business model - you only need a few giant
           | winners to offset the boatload of losers. In Softbank's case,
           | I'm guessing their biggest winners are Yahoo Japan (which was
           | the dominate site in Japan for a long time, and long after
           | the US Yahoo fell into irrelevance) and Alibaba, which saw
           | their early $20 million investment balloon into billions.
           | 
           | But did Softbank have _any_ winners from their 2010s spending
           | spree (along the time where they shoveled good money after
           | bad into WeWork)?
        
             | alberth wrote:
             | He made a big bet on NVIDIA when no one else did.
             | 
             | (Though he sold too soon and missed out)
        
             | jonas21 wrote:
             | They've made close to $100B on ARM (which they acquired in
             | 2016). This dwarfs the $14B they lost on WeWork. Of course
             | WeWork gets far more attention because it's a such an
             | entertaining story.
        
               | hn_throwaway_99 wrote:
               | Thanks very much, I had forgotten about ARM.
               | 
               | The Vision Fund lost on tons more companies than just
               | WeWork though. But your overall point is correct - there
               | were a couple outsized winners (also just found another
               | article that they made a huge gain on DoorDash) that I'm
               | guessing took care of the majority of their losses.
        
               | somanyphotons wrote:
               | These aren't realized gains though, I think only 10% of
               | shares actually float, it's not clear that the demand
               | would sustain in a selloff
        
             | huijzer wrote:
             | VCs are indeed partly about giant winners offsetting the
             | losers. But according to Taleb, the main part is to
             | convince other people to put money in your fund and get
             | rich from the management fees. So from that perspective, VC
             | is mostly about pretending your fund does well and getting
             | people to buy in. That's probably why VCs love to buy
             | companies in overhyped industries.
        
             | bobthepanda wrote:
             | It realized $5.6B in gains on Uber.
             | https://www.cnbc.com/2022/08/08/softbank-sells-entire-
             | stake-...
        
         | jawiggins wrote:
         | SoftBank was founded by Masayoshi Son. It was originally a tech
         | company that resold software (imagine Steam but for desktop
         | apps), but very quickly it morphed into something like a PE
         | firm that would do continual leveraged buyouts of existing
         | firms. They've bought companies that run conferences, tech
         | magazines, one of their more formative M & A deals was to buy
         | the Japanese Vodafone arm. Many of these deals actually went
         | pretty poorly, with Masayoshi overpaying for the firms he
         | bought and then being saddled with very large debts to repay
         | the loans. Masa was wiped out and faced bankruptcy multiple
         | times.
         | 
         | Later on the would move away from leveraged buyouts and start
         | investing in startups more similar to how a VC firm would in
         | the US. He notably invested early in Yahoo and Alibaba.
         | 
         | The company is not a sovereign fund - it's really run at the
         | behest of it's founder. If you want to read more about the
         | story, there was recently a great biography that chronicled the
         | story: Gambling Man (https://www.amazon.com/Gambling-Man-
         | Greatest-Disruptor-Masay...)
        
           | flakiness wrote:
           | And it's so un-Japanese.
           | 
           | See what the Japanese government (or old power in Japan) has
           | been spending the money on recently:
           | 
           | - Honda-Nissan merger (failed) - Seven Eleven counter buyout
           | https://www.wsj.com/business/retail/the-fight-
           | for-7-eleven-i...
           | 
           | Masayoshi Son is in a different league, for good or bad.
        
             | alephnerd wrote:
             | > old power in Japan) has been spending the money on
             | recently
             | 
             | Investing in SoftBank.
             | 
             | MUFG, the Custody Bank, and Master Trust all have
             | significant ownership stakes in SoftBank, and most Japanese
             | conglomerates like NTT, NEC, etc tend to work closely with
             | SoftBank on strategic deals
        
             | caycep wrote:
             | I think he is Korean, that may account for the cultural
             | differences
        
               | uxp100 wrote:
               | Yes, Ethnically Korean, his grandparents were immigrants.
               | As for cultural differences, I think you could credit his
               | extensive time spent living in the US as much as the
               | immigrant Korean culture.
        
       | NotYourLawyer wrote:
       | Puts on Masa.
        
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