SoftBank sells ARM to Nvidia for $40 billion.

SoftBank has also revived talks about going private.


Alfred Lee

14 Sep, 2020

SoftBank sells ARM to Nvidia for $40 billion. | BEAMSTART News

- From our Sponsors -

SoftBank has confirmed on Monday that the Japanese conglomerate will sell its British chip design subsidiary, ARM, to US-based semi-conductor firm, Nvidia Corporation.

The sale could be as much as US$40 billion.

In the deal, Nvidia will acquire all of ARM's shares in exchange for cash and shares, effectively giving SoftBank and the Vision Fund a stake in Nvidia of about 6.7% to 8.1%.

Nvidia CEO, Jensen Huang.

This comes 4 years after SoftBank acquired ARM for $32 billion back in July 2016.

Earlier this week, SoftBank executives revived talks on taking the Japanese group private, which could gain momentum following the ARM sale.

- From our Sponsors -

Latest Jobs

English-Korean Freelance Transcriber in Singapore

Elite Asia

Singapore

Contract / Freelance

Salary Undisclosed

Accounting Officer

Gallons & Grapes Pte Ltd

Tuas Shipyard, Singapore

Full Time

SGD 3000 — SGD 4000 monthly

Account Manager (Hybrid)

Pinkerton

New York, NY, United States

Full Time

Salary Undisclosed

Customer Service Representative

Gamer's Hideout Sdn. Bhd.

Dataran Prima, Petaling Jaya, Malaysia

Full Time

MYR 3000 — MYR 4000 monthly

GROCERY SHOPPER UP TO $11/H !THEY ORDER, YOU SHOP!

RecruitFirst

SIngapore, Singapore

Contract / Freelance

SGD 9 — SGD 11 monthly

English Technical/Legal Writer

Pacston Technology Group

Kuala Lumpur, Malaysia

Full Time

USD 20000 — USD 60000 monthly

Junior Accounts Cum Admin Assistant

LABEL-LINE CORPORATION PTE LTD

Kallang, Singapore

Full Time

SGD 1600 — SGD 1800 monthly

Head of Developers

TWGT

Manila, Philippines

Full Time

USD 2000 monthly

Alfred Lee

Journalist at BEAMSTART. I write about breaking business news in the region.

Based in Malaysia

Work Experience Not Specified

Education Not Specified

beamstart.com

Also Mentioned

SoftBank

A Japanese multinational telecommunications and Internet corporation


Nvidia

Inventor of the GPU, which creates interactive graphics on laptops, workstations, mobile devices, notebooks, PCs, and more


ARM

Architecting a Smarter World

More Related Stories

Community Discussions

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2022 BEAMSTART. All Rights Reserved (Legal).