SoftBank (SFTBY)  is preparing to transfer a quarter of recently-purchased chip designer ARM Holdings to its tech investment fund as it seeks to attract new capital commitments alongside its key Saudi investor.

The Financial Times said Wednesday that Softbank will move 25% of U.K.-based ARM, which it bought last year for $32.4 billion, to its Vision Fund in an effort to engage Abu Dhabi's state-owned Mubadala investment fund, according to the paper's sources. 

Saudi Arabia's Public Investment Fund is the Vision Fund's biggest investor with a $45 billion commitment, while SoftBank has promised to put $25 billion into the venture that aims to turn SoftBank CEO Masayoshi Son's into the "Warren Buffett of tech". 

Softbank, which said last month it would invest $1.7 billion into a merger of its OneWeb Ltd. satellite venture and Europe's Intelsat SA (I)  , is also an 82% owner of Sprint Corp (S)  .

Late last year, U.S. President Donald Trump said those ties would allow the Japanese firm to bring 8,000 jobs to the U.S. in a statement that followed Son's vow to create 50,000 more though a tech investment fund established with a Saudi billionaire.

SoftBank shares closed at ¥8,426 each in Tokyo Wednesday, down 0.69% on the session. Over the past three months, however, the shares have gained 8.13% against a modest 2.6% advance for the benchmark Nikkei 225 benchmark.

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