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%.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!