SoftBank to sell chip designer Arm to Nvidia in $40 billion deal

SoftBank nears deal to sell Arm Holdings to Nvidia for more than $40 billion WSJ reports

In point of fact, the Wall Street Journal report had also quoted one of the sources as saying that the cash-and-stock deal might be sealed as early as by next week, while the SoftBank-owned British chip designer could be valued more than $40 billion.

One was to keep Nvidia at the negotiating table and the second to honour a commitment to the United Kingdom government when SoftBank clinched the deal. From there, it will receive another $10 billion in cash and $21.5 billion of stock in Nvidia at closing.

Nvidia will acquire Arm from SoftBank for $40 billion, the companies announced Sunday.

Nvidia declined to comment on the report. Regulatory agencies could put such a deal under intense scrutiny and ARM customers like Samsung and Apple could try and put the kibosh on the transaction.

Nvidia is a US -based graphics technology company best known as a manufacturer of graphics processors for graphics cards.

Nvidia Chief Executive Jensen Huang said he loves Arm's business model and wants to expand its broad client list. But it does not have a market share when it comes to the CPU design. "Arm Cambridge will be a world-class technology center". Chips that use its code and its layouts are in everything from factory equipment to home electronics.

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The acquisition is fueled by the drive to bring artificial intelligence to everything that has an on switch.

In a note to Arm employees, Nvidia chief executive Jensen Huang said: "Arm's headquarters will remain in Cambridge and continue to be a cornerstone of the United Kingdom technology ecosystem".

Hauser continued: "The one saving grace about Softbank was that it wasn't a chip company, and retained ARM's neutrality..." The value of ARM chips has only gone up in recent times.

While the A-series processor, and Apple Silicon are ARM-based, Apple does not need ARM to exist as an independent entity to advance the processors. That's a lucrative market dominated by Intel, which has about a 90% share.

A purchase of ARM by Nvidia will give the graphics chip producer access to more patents and intellectual property to enhance its own offerings, as well as giving itself more of an opening to move deeper into processor sales. Like Son, he's a charismatic leader espousing a long-term vision of where technology is headed. His chips are among the best at breaking up the manipulation of data into small pieces and then executing that in parallel at high speed. It would also be one of the largest buyouts of 2020.

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