SoftBank to sell chip designer Arm to Nvidia in US$40 bln deal

The sale will see chip firm Nvidia acquire all of Arm's shares in return for cash and shares, giving SoftBank and the $100 billion Vision Fund a stake in Nvidia of between 6.7% to 8.1%.

TOKYO: SoftBank Group Corp said on Monday it has agreed to sell chip designer Arm to Nvidia Corp for as much as US$40 billion in a deal set to reshape the semiconductor landscape.

The sale will see chip firm Nvidia acquire all of Arm's shares in return for cash and shares, giving SoftBank and the $100 billion Vision Fund a stake in Nvidia of between 6.7% to 8.1%.