Why Is SoftBank Quietly Selling Billion-Dollar Holdings?

The Vision Shift

SoftBank’s flagship Vision Fund is shifting focus from venture capital to strategic investments in semiconductors and AI.

Portfolio Downsizing

Since late 2021, SoftBank's US-listed portfolio shrank by almost $29 billion.

Strategic Asset Sales

SoftBank’s equity capital market team plays a key role in selling down Vision Fund stakes with minimal market disruption.

Beyond Venture Capital

Founder Masayoshi Son now eyes AI and semiconductors, inspired by Arm's success. Plans include a potential $100 billion chip venture.

Shifting Strategies

SoftBank’s strategy shift reflects a reset in venture capital markets, moving away from high-risk early-stage investments.

Accelerating Sales

Vision Fund sales have been accelerating, with divestitures outweighing investments for seven consecutive quarters.

Growing Cash Pile

Vision Fund consistently sells more than it invests, lifting SoftBank's cash pile. The second Vision Fund retains $6 billion for investments.

Impact on Venture Capital

Vision Fund's withdrawal from big investments contributes to a drought in global venture capital.