SoftBank Group has injected more than $450 million into British AI chip company Graphcore as the Japanese technology conglomerate accelerates investments in artificial intelligence infrastructure and semiconductor development.
According to a filing with the UK’s Companies House, Graphcore issued a single share valued at approximately $457 million on April 10. A Graphcore spokesperson confirmed the funding came from SoftBank. Sources familiar with the arrangement told CNBC the investment represents only part of the capital Graphcore is expected to receive from SoftBank this year.
SoftBank acquired Graphcore in 2024 after the UK startup struggled to compete commercially against dominant AI chip suppliers such as Nvidia. Before the acquisition, Graphcore had raised hundreds of millions of dollars and was once positioned as a potential challenger in the rapidly expanding AI accelerator market.
At the time of the acquisition, SoftBank said Graphcore would help support its broader ambitions around artificial general intelligence development. The company has since become part of SoftBank’s growing portfolio of AI infrastructure and semiconductor assets.
The new funding comes as SoftBank sharply increases spending across AI hardware, compute infrastructure, and data center projects. The company is involved in the $500 billion Stargate AI infrastructure initiative alongside OpenAI and Oracle, while also pursuing additional semiconductor and robotics investments globally.
SoftBank founder and CEO Masayoshi Son previously described Graphcore as “a company with deep expertise in chip design,” adding that the acquisition strengthened SoftBank’s semiconductor strategy alongside chip architecture company Arm Holdings.
Graphcore has also expanded internationally since the acquisition. In October, the company announced plans to invest up to £1 billion into a new AI campus in Bengaluru, India, focused on AI, silicon engineering, software, and systems development.
SoftBank Expands Its AI Infrastructure Strategy
The Graphcore funding highlights SoftBank’s broader effort to build an integrated AI infrastructure ecosystem spanning semiconductors, compute, robotics, and large-scale data centers.
Over the past two years, SoftBank has aggressively repositioned itself around AI after previously focusing heavily on venture capital investments through the Vision Fund. The company has since shifted toward owning strategic infrastructure assets directly involved in AI model training and deployment.
In addition to Graphcore and Arm, SoftBank also acquired silicon design company Ampere Computing in 2025. Reports have additionally indicated the company is exploring major AI data center projects in Europe, including a potential $100 billion investment in AI infrastructure in France following discussions with Emmanuel Macron, while also considering a standalone AI and robotics business listing in the United States.
Competition For AI Chips Intensifies
The investment also reflects increasing competition in AI semiconductors as companies seek alternatives to Nvidia’s dominant position in the market for AI accelerators.
While Graphcore struggled to achieve broad commercial adoption independently, SoftBank appears to view the company’s chip architecture and engineering expertise as strategically valuable for future AI systems and infrastructure deployments.
Demand for AI compute hardware has surged globally alongside the rapid expansion of generative AI models and large-scale enterprise AI workloads. That growth has pushed technology companies and investors to secure access not only to chips, but also to energy, networking infrastructure, manufacturing capacity, and advanced semiconductor design talent.
For SoftBank, strengthening Graphcore may provide another pathway to participate directly in the long-term buildout of AI infrastructure rather than relying solely on minority investments in external AI companies.