TOKYO: SoftBank Group said on Monday it has agreed to sell chip designer Arm to Nvidia for as much as US$40 billion in a deal set to reshape the semiconductor landscape.
SoftBank executives, frustrated at the group's share performance, have held early stage talks about taking the Japanese technology group private, a source told Reuters. Those talks could gain momentum following the Arm sale. The Arm acquisition will put Nvidia into even more intense competition with rivals in the data centre chip market such as Intel Corp and Advanced Micro Devices Inc because Arm has been developing technology to compete with their chips.
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