SoftBank Group’s sale of ARM to US chip maker Nvidia has collapsed, a source familiar with the matter said.
Browsing: Nvidia
Nvidia is quietly preparing to abandon its purchase of ARM from SoftBank Group after making little to no progress in winning approval for the $40-billion deal.
Apple is on the verge of reaching $3-trillion in market value. That’s bigger than the entire German equity market. Or the UK economy.
When Nvidia announced plans to buy ARM, the deal was more than just the chip industry’s largest-ever acquisition. Now its audacious plan is in peril.
The US Federal Trade Commission has sued to block US chip company Nvidia’s more than $80-billion planned acquisition of British chip technology provider ARM.
Amazon Web Services has introduced two new custom computing chips aimed at helping its customers beat the cost of using chips from Intel and Nvidia.
Nvidia could become the first trillion-dollar semiconductor company, analysts believe, after an extraordinary rise in its valuation this year.
Nvidia, the world’s largest chip maker by market value, gave an upbeat forecast for the fourth quarter, fuelled by its expansion into data centres.
Britain on Tuesday ordered an in-depth investigation of Nvidia’s planned $50-billion-plus acquisition of UK-based chip designer ARM.
Nvidia extended its rally on Tuesday, briefly driving the company’s market value over $800-billion.