Nvidia Acquires Arm From Softbank In 40 Billion Deal

After months of rumors and speculations, the Nvidia-Arm acquisition deal has become a reality. Over the weekend, Nvidia announced its plans to acquire chipmaker Arm Holdings from SoftBank Group. The deal is valued at $40 billion. SoftBank had purchased Arm Holdings for $31.4 billion back in 2016.

“Arm and NVIDIA share a vision and passion that ubiquitous, energy-efficient computing will help address the world’s most pressing issues from climate change to healthcare, from agriculture to education. Delivering on this vision requires new approaches to hardware and software and a long-term commitment to research and development,” said Simon Segars, CEO of Arm in a statement.