Graphics firm NVIDIA to acquire Arm from SoftBank for $40 billion

By Nikita Chaurasia  Date: 2020-09-14

Graphics firm NVIDIA to acquire Arm from SoftBank for $40 billion

NVIDIA, a leading American multinational technology firm, and SoftBank, a renowned Japanese conglomerate, have reportedly announced that NVIDIA would acquire Arm Limited from SoftBank Group for a total amount of $40 billion. The agreement would be immediately accretive to the gaming company’s non-GAAP earnings per share and non-GAAP gross margin.

The transaction would combine NVIDIA’s top AI computing platform and the vast ecosystem of Arm to develop the premier computing company for the era of AI (artificial intelligence), fostering innovation while expanding into high growth markets. Additionally, SoftBank would stay committed to Arm’s long-living success from NVIDIA’s ownership stake, which is expected to be less than 10 percent.

Arm CEO, Simon Segars stated that NVIDIA and Arm share a common passion and vision that energy-efficient and ubiquitous computing would help solve some prominent pressing problems ranging from healthcare to climate change, and education to agriculture.

Segars further added that working on such a vision need new approaches towards software, hardware as well as a long term commitment to R&D. The combination of two such companies can speed up the progress as well as develop solutions that would make a global ecosystem of innovators.

CEO and Founder of NVIDIA, Jensen Huang stated that AI is this era’s more powerful technology and it has induced a new computing wave. Over the coming years, about trillions of computers executing AI programs would develop a new internet-of-things which would be a several thousand times larger than the existing internet-of-people. The new combination would make a company that is in a good position for the coming AI age.

Huang further added that Arm’s CEO Simon Segars and the team have made Arm into an exceptional company that it is making contributions to almost every technology sector across the world. Merging the vast ecosystem of Arm with the AI computing capabilities of NVIDIA, would help the company can advance computing in PCs, robotics, self-driving cars, smartphones, cloud, edge IoT and further expand AI computing to every corner across the world.

Source credit: https://nvidianews.nvidia.com/news/nvidia-to-acquire-arm-for-40-billion-creating-worlds-premier-computing-company-for-the-age-of-ai

About Author

Nikita Chaurasia     aeresearch.net

Nikita Chaurasia

An accomplished professional in the field of content development, playing with words comes naturally to Nikita Chaurasia. After completing her post-graduate MBA degree in Advertising and PR, Nikita worked across numerous content-driven verticals, undertaking diverse r...

Read More

More News By Nikita Chaurasia

Amazon sets tougher rules for its delivery service partners’ employees

Amazon sets tougher rules for its delivery service partners’ employees

By Nikita Chaurasia

Amazon is known for closely managing its staff and contractors, and it also seeks to control the employees of the companies in which it works. Reportedly, the company has updated its policies for Amazon’s delivery partners wherein it lays out d...

BMW, Ford lead Solid Power’s USD 130 million Series B funding round

BMW, Ford lead Solid Power’s USD 130 million Series B funding round

By Nikita Chaurasia

Solid Power Inc., a leading U.S-based producer of solid-state batteries has reportedly secured USD 130 million in the Series B funding round led by renowned car makers namely Ford Motor Company and BMW Group.  These funds will be used to develo...

Pfizer donates COVID-19 treatment drugs worth USD 70 million to India

Pfizer donates COVID-19 treatment drugs worth USD 70 million to India

By Nikita Chaurasia

Reportedly, American multinational pharmaceutical firm Pfizer Inc. has extended a helping hand to India in the battle against Covid-19, sending drugs worth USD 70 million to the country. The company is also in discussion with the Indian government to...

McAfee and Fujitsu join hands to provide secure computing experience

McAfee and Fujitsu join hands to provide secure computing experience

By Nikita Chaurasia

McAfee LiveSafe will protect Fujitsu consumer PCs against cyber threats and viruses. McAfee Labs had reported that around 648 cyber threats per minute during the fourth quarter of 2020. California-based computer security software company McAfee...

Alchemy secures USD 80 million during Series B funding, eyes expansion

Alchemy secures USD 80 million during Series B funding, eyes expansion

By Nikita Chaurasia

Alchemy Insights Inc., a leading blockchain development platform, has reportedly bagged USD 80 million during a Series B funding round which was led by Coatue and Addition, the two New York-based venture capital firms, as well as Lee Fixel’s ne...