SoftBank and Nvidia call off $40 billion deal for Arm


James Martin/CNET

SoftBank and Nvidia announced Tuesday they had terminated their deal to sell chipmaker Arm to Nvidia, citing “regulatory challenges” as a factor in the decision. The acquisition was expected to be worth $40 billion, a  deal described as the largest ever in the chip industry.

SoftBank said it now plans to pursue an IPO for Arm in 2023, in developments reported earlier…

Read more…

spot_imgspot_img

Latest news

Related news

LEAVE A REPLY

Please enter your comment!
Please enter your name here