SoftBank acquires UK AI chipmaker Graphcore

Quick Summary:

Terms of the deal were not disclosed, but Graphcore CEO Nigel Toon says it’s a positive outcome (for most).

Full regulatory approval has been granted already, meaning this is final.Image Credits: Chris J.U.K.chip company Graphcore has been formally acquired by Japan’s SoftBank.

It lost out on potential lucrative cloud deals with Microsoft, while the U.K.’s own government ignored Graphcore (despite a public plea from Toon himself) for its new “exascale” computer plans last year.

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Article Details

Author / Journalist: Paul Sawers

Category: Technology

Markets: United StatesChinaIndiaJapanPhilippinesPolandTaiwan

Topics: Graphcore Softbank Semiconductors AI Chipmaker Mergers and Acquisitions

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-11 @ 23:00:00 (2 weeks ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 2047 words

Reading Time: 12 minutes read

Sentences: 74 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 21579637

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