SoftBank set to sell Arm Holdings to Nvidia for more than $40bn
Topics: SOFTBANK ARM HOLDINGS NVIDIA
According to the Wall Street Journal, which first reported the story, a deal to sell Arm whose technology powers most of the world’s smartphones could be finalised as early as next week. Nvidia’s acquisition of Arm could help create a giant in the chip industry.
Nvidia, known for its graphics chips that power video games, also developed for other markets including self-driving cars, artificial intelligence and data centres.
Arm and Nvidia have been in exclusive talks for weeks, according to people familiar with the matter. ■