Info-tech

SoftBank nearing $40 billion deal to sell ARM Holdings to Nvidia: Report

Hemani Sheth Mumbai | Updated on September 13, 2020 Published on September 13, 2020

SoftBank Group Corp. is nearing a $40 billion deal to sell British chip designer ARM Holdings to Nvidia Corp, according to a Wall Street Journal report.

The two chip giants have been held exclusive discussions over several weeks. The deal is likely to go through as early as next week, as per the report.

WSJ in July had reported that SoftBank was exploring options for the British chipmaker. These included a full or partial sale or an Initial Public Offering (IPO).

SoftBank had acquired the British chip designer in 2016 in a $31.4 billion deal.

SoftBank has been under pressure to up its stumbling stock price as per reports. If the deal goes through, it is likely to be one of the largest semiconductor deals so far.

ARM’s chips have been used in processors from tech giants such as Apple, Samsung, and Qualcomm.

The company has gained popularity post its acquisition. Microsoft, for instance, had made an ARM-based Surface device and a version of Windows for ARM. Apple is also planning to switch to ARM-based chipsets for future Mac devices, The Verge reported.

Nvidia is the leading maker of GPUs for devices.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on September 13, 2020
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.