Japanese technology and investment group is seeking to float UK-based chip maker ArmSoftBank has reported a record quarterly loss of 3.1tn yen (£19bn) after the global sell-off of tech stocks, prompting the embattled Japanese conglomerate to embark on a big cost-cutting drive.Masayoshi Son, the chief executive of SoftBank, said the company was to launch a “dramatic” group-wide cost-cutting drive after a 7tn yen gain in investments made by its Vision Funds were almost completely wiped out ov ...
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