NVIDIA to acquire ARM for $40 billion
NEW DELHI:NVIDIA and SoftBank Group Corp. (SBG) today announced a definitive agreement under which NVIDIA will acquire Arm Limited from SBG and the SoftBank Vision Fund (together, SoftBank) in a transaction valued at $40 billion. The transaction is expected to be immediately accretive to NVIDIA’s non-GAAP gross margin and non-GAAP earnings per share. The combination […]
Nvidia close to acquiring chip maker ARM for $40 billion: Report
NEW DELHI: US-based graphic giant Nvidia is close to acquiring SoftBank-owned UK chip company ARM in a deal valued at more than $40 billion, the Wall Street Journal reported on Sunday. The Japanese technology conglomerate bought ARM for $31 billion in 2016. The company powers major mobile processors from companies like Qualcomm, Apple, Samsung and […]