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SoftBank set to sell Arm Holdings to Nvidia for more than $40bn

Christian Fernsby |
SoftBank is set to sell British chip designer Arm Holdings to Nvidia for more than $40bn.

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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.

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