Nvidia to Acquire chip designer Arm for $40 Billion

Nvidia to Acquire chip designer Arm for _40 Billion (1)

Nvidia Corp will acquire UK-based chip designer Arm from Japan’s SoftBank Group Corp for $40 billion. The deal is expected to reshape the global semiconductor landscape. As per the agreement, SoftBank will immediately receive $12 billion in cash and $21.5 billion of stock in Nvidia at closing.

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Arm will operate as a division of Nvidia and will “continue to operate its open-licensing model while maintaining its global customer neutrality. Nvidia CEO Jensen Huang said the deal, which will boost his firm in data center chips, was “pro-competition.” Nvidia is buying all of Arm’s product groups except for its Internet of Things division.

Source: Theverge

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