This file picture taken on July 28, 2016 shows SoftBank Group Representative Masayoshi Son speaking at a press conference to announce the company's financial results in Tokyo. - US graphics chip maker NVIDIA aims to be a powerhouse in an era of artificial intelligence with the big-ticket buy of Britain-based Arm, whose microprocessors are in many smartphones. Japan's SoftBank Group said on September 14, 2020 it is selling Arm to NVIDIA for up to $40 billion, potentially creating a new giant in the industry but sparking an investigation by UK regulators and fears about the impact on jobs. - AFP
NVIDIA Corp wants it all. And if the Silicon Valley-based semiconductor giant is able to pull off its blockbuster acquisition of premier chip designer Arm Ltd, the deal may be the final piece it needs to dominate the industry for a generation.
Late Sunday, Nvidia and Arm’s parent SoftBank Group Corp announced they have reached an agreement under which the US-based company will acquire Arm for about US$40bil in stock and cash. The components of the transaction include US$21.5bil in Nvidia shares, US$12bil in cash, an up to US$5bil “earn-out” payment for SoftBank subject to financial performance targets and US$1.5bil in equity for Arm employees.
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