SoftBank sells chip designer Arm to Nvidia in $40 bln deal

SourceArab News
SectorEconomy
CountryGCC

SoftBank sells chip designer Arm to Nvidia in $40 bln deal SoftBank sells chip designer Arm to Nvidia in $40 bln deal SoftBank sells chip designer Arm to Nvidia in $40 bln deal apan's SoftBank Group said on Sept. 14, 2020 it is selling British chip designer Arm to US chip company NVIDIA for up to $40 billion potentially creating a new giant in the industry. (AFP / Sam Yeh) Short Url SoftBank sells chip designer Arm to Nvidia in $40 bln deal Nvidia to pay SoftBank in cash and shares Arm to retain neutral licensing model Updated 14 September 2020 Follow @arabnews TOKYO/SAN FRANCISCO: 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. The deal puts a ...read more...