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

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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

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 , 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., 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.Get the latest Nvidia stock priceLoadingBy clicking ‘Sign up’, you agree to receive marketing emails from Business Insider as well as other partner offers and accept our

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 ZA
 

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

But, why they want to sell arm?

Cool, replenishing the coffers after wework.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Inside Akon City, the $6 billion smart city Akon is building in Africa - Business InsiderAkon, the pop star behind hits like 'Smack That,' is masterminding a $6 billion smart city in Africa backed by a shadowy investor. Inside Akon City, where everything will be funded by 'Akoin' and the singer hopes to reinvent his legacy. Shadowy investor He better confer with TI before doing that. Completely filthy, well done, looks fking awesome! Akon
Source: BusinessInsider - 🏆 729. / 51 Read more »

We went inside a West Bank factory to see how people make soap out of olive oil - 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 »