SoftBank is reportedly preparing to sell ARM to Nvidia for more than $40 billion

The Verge Saturday, 12 September 2020 ()
SoftBank is reportedly preparing to sell ARM to Nvidia for more than $40 billionPhoto by Sam Byford / The Verge

SoftBank is reportedly is preparing to sell chipmaker ARM to Nvidia as early as next week in a deal worth more than $40 billion, The Wall Street Journal reported.

Rumors of the deal began circulating in July, and Nvidia has been reported to be the only suitor in concrete discussions with SoftBank. The deal, if it goes forward, would be one of the largest ever in the chip sector and would likely face intense regulatory scrutiny. According to the WSJ, the companies have been in “exclusive” talks for weeks.

SoftBank bought ARM in 2016 for $31 billion. The British company’s chips power mobile device processors for companies including Apple, Samsung, and Qualcomm. ARM has likely only increased in value since the SoftBank acquisition, with...
Video Credit: Reuters Studio - Published
News video: SoftBank sells Arm to Nvidia in $40 bln deal

SoftBank sells Arm to Nvidia in $40 bln deal 02:02

SoftBank Group Corp said on Monday it has agreed to sell chip designer Arm to Nvidia Corp for as much as $40 billion in a deal set to reshape the semiconductor landscape. Libby Hogan reports.

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