Skip to content
  • Home
  • Products
    • App for IOS & Android
    • Product Features
  • Register/Log In
    • Register
    • Login
  • About
  • Currency Converter
  • Contact Us
  • 0
0 Menu Close
  • Home
  • Products
    • App for IOS & Android
    • Product Features
  • Register/Log In
    • Register
    • Login
  • About
  • Currency Converter
  • Contact Us
  • 0

SoftBank is close to selling off chipmaker Arm to Nvidia in $40 billion mega-deal - Business Insider - Business Insider

SoftBank is close to selling off chipmaker Arm to Nvidia in $40 billion mega-deal - Business Insider - Business Insider

US chipmaker Nvidia is close to buying British competitor Arm for $40 billion from current owner SoftBank, according to multiple media reports Saturday. A deal could be confirmed next week. The deal could provoke regulatory scrutiny, since it would create a giant in the chip industry. SoftBank first acquired Arm in 2016 in its biggest-ever deal for $32 billion. Visit Business Insider's homepage for more stories. Japanese conglomerate SoftBank is reportedly close to selling off its British chip designer Arm to chipmaker Nvidia for a whopping $40 billion, per reports from the Wall Street Journal and Reuters. The deal would create a chip powerhouse to rival Intel, and could happen next week. UK-headquartered Arm is not a chipmaker but licenses its chip designs to different customers, including Apple, Samsung, and Intel. Its chip architecture is widely used in mobile and, per VentureBeat, its licensees ship billions of chips for everything, including phones, tablets, and internet-of-things sensors. Meanwhile, $89 billion Nvidia is best known for its graphics chips but has expanded into areas including artificial intelligence. As Business Insider's Benjamin Pimentel reported in July, a tie-up between Nvidia and Arm could prompt regulatory scrutiny, since the UK firm's licensees include some of Nvidia's direct rivals. "If Nvidia were to buy it, they would gain significant power in the marketplace," IDC President Crawford Del Prete said at the time. "Nvidia gains the ability to control the source code of Arm, arguably the most popular CPU [computer processing unit] architecture on the planet in terms of volume." SoftBank initially bought Arm in 2016 for $32 billion, its biggest-ever deal, but is negotiating the mega-sale to relieve pressure on its flagging stock price and make up for some of its losses. Nvidia declined to comment. Arm did not immediately respond to a request for comment. Get the latest Nvidia stock price here >>
Read this on google news

Categories

  • business (1037)
  • commerce (1037)
  • company (1037)
  • economics (1037)
  • finance (1037)
  • stock (1037)
  • stock market (732)
  • Uncategorized (1)

PieGG was started with a common goal of serving the finance community while they make transitions. All our team members bring to table their unique expertise and experience of stock market which they would like to pass on to future investors.

Stay Connected

Facebook
Twitter
Google-plus
Linkedin

contact

US Office

39843 Cedar Blvd, Newark, CA, 94560, United States

 :+1 408 444 7337
 info@piegg.com

 
Copyright [piegg.com] - IDYDZ LLC
×
×

Cart