Nvidia and SoftBank have piloted the world’s first 5G telecommunications network powered by artificial intelligence.
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Chip designer ARM Holdings secured a $54.5-billion valuation in its initial public offering ahead of its listing on Thursday.
ARM has disclosed the paperwork for an initial public offering that is expected to be the largest of the year.
Apple and Samsung Electronics will invest in ARM at its initial public offering, expected in September, a report said.
ARM is in talks to bring in Nvidia as an anchor investor as it presses ahead with plans for a New York listing, the FT reported.
ARM CEO Rene Haas has a formidable to-do list to go with his new job after Nvidia abandoned an effort to buy the company.
SoftBank Group’s sale of ARM to US chip maker Nvidia has collapsed, a source familiar with the matter said.
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.
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.