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

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Cool

230k each wtf noice

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

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside the life of an Uber driver in NYC during COVID-19 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside the real reasons behind Mike Corbat's early retirement - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. They said the same about MLK,slavery,segregation,share cropping ,under paid blacks ,systemic racism but praise white nationalists terrorists who walks the streets with guns.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside Citi's exec shakeup — Chime's latest round — Buy now, pay later's future - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside Balyasny's training program for hedge fund portfolio managers - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Nvidia is buying Arm from Softbank in $40 billion deal - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Not unexpected. Nice kevinryan681 !
Source: BusinessInsider - 🏆 729. / 51 Read more »