September 14, 2020

SoftBank Group selling Arm to NVIDIA for up to $40 billion

Tokyo (AFP) – Japan’s SoftBank Group said Monday it is selling British chip designer Arm to US firm NVIDIA for up to $40 billion, potentially creating a new giant in the industry.If approved, the deal will be one of the largest acquisitions anywhere in the world this year, and will propel NVIDIA to the forefront of the semiconductor sector.The announcement also renewed speculation about SoftBank Group’s future, with Bloomberg News reporting it is set to revive talks about going private via a management buyout plan.The Arm sale is valued at up to $40 billion and is subject to approval by author…


Leave a Reply

Your email address will not be published. Required fields are marked *