Nvidia confirms $40B purchase of Arm, bringing together two chip giants

After weeks of on-and-off speculation, Nvidia this evening confirmed that it intends to buy chip design giant Arm Holdings for a total of up to $40 billion from existing owner SoftBank, which bought the company for $32 billion in 2016. The boards of all three parties have approved the outline of the deal. SoftBank could make, gasp, a profit on its expected sale of Arm for $40B The deal has a couple of...