Nvidia will buy UK-based chip designer ARM from Japan’s SoftBank Group for as much as US$40-billion, the companies said on Monday, in a deal set to reshape the global semiconductor landscape.
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Nvidia’s market valuation briefly topped Intel’s for the first time ever, powered by soaring demand for graphics chips in data centres and other fast-growing technology fields.
Nvidia has agreed to buy chip maker Mellanox Technologies for US$6.9-billion, gaining expertise to help it push into the growing market for data centre components.
Nvidia has unveiled a new graphics-chip design for computer gamers, aiming to bolster demand amid concerns that growth may be slowing.
Nvidia’s nine-month crypto gold rush is over. Sales of graphics chips to miners of cryptocurrencies like ethereum dried up faster than expected, the company said.