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Arm employees to receive share of $1.5 billion after sale to Nvidia - Business Insider

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Employees at chip designer Arm will receive a share of $1.5 billion after the company's sale to Nvidia, equivalent to $230,000 each

Split between the company's 6,500 employees, the payouts and bonuses amount to roughly $230,000 per person.

On an call with analysts, Huang said he would invest in Britain, where Arm is based, and create more jobs, . "We want to grow Arm and make it become even greater," he said, adding that Arm will hire more engineers and staff for a new artificial intelligence research center at its Cambridge headquarters. in a letter to employeesArm's cofounder Hermann Hauser, who is no longer with the company, warned on Sunday that thousands will lose their jobs because of the deal in Cambridge, Manchester, Belfast, and other major cities across the UK when the company's headquarters move to the US.

 

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Cool

230k each wtf noice

I have used Nvidia products for years they make great stuff.

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 /  🏆 729. in JP

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