By ET Bureau - July 23, 2020 1 mins read
Nvidia is planning to buy chip designer Arm from its Japanese owner, SoftBank Group, reports Bloomberg. The report noted that Nvidia approached SoftBank “in recent weeks” over a deal for Arm Ltd. The talks between both the companies are currently in a preliminary stage and other bidders may emerge for Arm in the coming weeks.
If the deal becomes official, it would be one of the biggest and most significant deals in
semiconductor industry history. Earlier this month, it was reported that SoftBank is looking to sell Arm in an initial public offering.
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