Nvidia to buy Arm Limited from SoftBank for $40B in largest-ever chip deal

Nvidia Corp. plans to buy Arm Limited from SoftBank Group Corp. and the SoftBank Vision Fund for $40 billion in cash and stock, the Santa Clara-based chipmaker announced Sunday afternoon, signifying the largest deal ever made in the semiconductor industry. The deal, even larger than Avago Technologies’ purchase of San Jose-based Broadcom Inc. for more than $37 billion in 2015, combines Nvidia’s artificial intelligence computing platform with Arm’s massive footprint. The U.K.-based Arm Limited…