Nvidia acquires Arm from SoftBank for $40 billion

Nvidia confirmed that it is acquiring processor architecture firm Arm from Softbank for $40 billion. The deal confirms after weeks of speculation as well as a report yesterday by the Wall Street Journal.

Santa Clara, California-based Nvidia, a maker of graphics and AI chips, said the deal consolidates its expertise in artificial intelligence with Arm’s vast computing ecosystem. Cambridge, England-based Arm has more than 6,000 employees, while Nvidia has more than 13,000.

SoftBank took Arm private in 2016 for $32 billion. At the time, SoftBank CEO Masayoshi Son said he was preparing for the Singularity, the predicted

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