Market Chatter: SoftBank Plans to Produce Batteries for AI Data Centers in Osaka Factory

MT Newswires Live04-24 09:21

SoftBank Group's (TYO:9984) mobile unit intends to convert part of its Osaka factory into a major production site for large-scale batteries, aiming to power its own AI data centers, Bloomberg News reported on Friday.

The company hopes to begin production within five years, though the plans are still private, the news wire said, citing people familiar with the matter.

The battery venture, expected to be announced next month by Chief Executive Officer Junichi Miyakawa as part of a new five-year plan, has received Masayoshi Son's approval but still requires board sign-off, the publication said.

A SoftBank representative declined to comment on MT Newswires' emailed request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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