SoftBank sells chip designer Arm to Nvidia in $40 bn deal
Nvidia Corp will buy UK-based chip designer Arm from Japan’s SoftBank Group Corp for as much as $40 bn, the companies said on Monday, in a deal set to reshape the global semiconductor landscape.
The sale puts a vital supplier to Apple Inc and others across the industry under the control of a single player and will face potential pushback from regulators and rivals to Nvidia, the biggest U.S. chip company by market capitalisation.
Nvidia CEO Jensen Huang said the deal, which will boost his firm in data centre chips, was “pro competition”. It marked “the first time in history the industry could see something that is genuinely alternative” to Intel Corp’s domination of the sector, he said.