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Report suggests NVIDIA is preparing to walk away from its ARM acquisition
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Report suggests NVIDIA is preparing to walk away from its ARM acquisition
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26th January 2022, 11:27
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| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 153,575
 |  Report suggests NVIDIA is preparing to walk away from its ARM acquisition NVIDIA has reportedly made little to no progress in gaining regulatory approval for its $40 billion purchase of ARM and is privately preparing to abandon the deal, according to Bloomberg's sources. Meanwhile, current ARM owner SoftBank is reportedly advancing a program to take ARM public as an alternative to the acquisition, said another person familiar with the matter. NVIDIA announced the deal in September 2020, with CEO Jensen Huang proclaiming it would "create a company fabulously positioned for the age of AI." ARM's designs are used under license almost universally in smartphones and other mobile devices by companies like Apple, Qualcomm, Microsoft, Samsung, Intel and Amazon. https://www.engadget.com/nvidia-priv...4.html?src=rss |
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