Graphics processor and AI giant NVIDIA has officially confirmed its decision to acquire ARM, a UK-based mobile chipmaker, from SoftBank. The deal will cost a record-breaking $40 billion which makes it the biggest ever acquisition in the semiconductor space. The amount will be paid over a period of time and the deal is yet to go through regulatory scrutiny.
ARM is one of the biggest names in the mobile chipset market with major clients like Apple, Qualcomm, and MediaTek. Apple has been working with the company since 2006 with its iOS devices using custom A-series chipsets developed using ARM technologies. It has already announced the decision to switch to ARM-based processors from Intel for future Mac devices.
Even though SoftBank is selling ARM to NVIDIA, it will continue to have a 10% stake and will remain "committed to ARM's long-term success". The company will continue to operate from Cambridge, UK but it will be turned into a "world-class AI research facility, supporting developments in healthcare, life sciences, robotics, self-driving cars, and other fields".
14/09/2020 01:07 AM