Nvidia Purchases ARM from Softbank for 40 Billion Dollars

Nvidia Purchases ARM from Softbank for 40 Billion Dollars


Japanese conglomerate Softbank has agreed to sell United Kingdom-based semiconductor company ARM Holdings to American tech company and graphics chip specialist Nvidia for 40 billion United States dollars. Nvidia spokespeople have promised to retain ARM's brand, keep the company based in Cambridge of the United Kingdom, and hire additional staff. Under the agreed-upon terms, Nvidia will pay Softbank 12 billion dollars in cash, 21.5 billion in stocks, and another 5 billion dollars in cash or stocks if ARM Holdings performance reaches certain targets. Additionally, Nvidia will issue 1.5 billion dollars in equity to ARM Holdings employees.

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This is the largest yet deal in the semiconductor industry, exceeding the 2016 deal when Softbank initially acquired ARM Holdings for 31.4 billion dollars. After the latest deal between Softbank and Nvidia, Softbank will hold under 10% of Nvidia's stocks.

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Note: All photos used in this article were retrieved from the public domain, and do not require attribution or citation for commercial purposes.

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AverageVancouverite
AverageVancouverite

Hey there! I'm just an average Vancouverite who has been mining for several years now, and have used everything from GPUs to ASICs and from CPUs to USB miners! I also write about global news with the World International News Group and do some photography!


World International News Group
World International News Group

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