Nvidia Buying Arm From SoftBank to Create AI Powerhouse
Nvidia agreed to buy Arm from SoftBank for $40 billion in cash and stock. SoftBank would retain ties to Arm through a less-than-10% stake in Nvidia. Nvidia is positioning the acquisition as an artificial intelligence play: “AI is the most…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
powerful technology force of our time and has launched a new wave of computing,” said CEO Jensen Huang Sunday. Combining Nvidia’s AI computing capabilities with the “vast ecosystem” of Arm processors can advance computing across the cloud, smartphones, PCs, self-driving cars, robotics and edge IoT devices, he said. U.K.-based Arm will remain headquartered in Cambridge, said Nvidia, which plans to expand the site with an AI research facility supporting developments in healthcare, life sciences, robotics and self-driving cars. Arm and Nvidia see “ubiquitous, energy-efficient computing” addressing world issues such as climate change, healthcare, agriculture and education, requiring new approaches to hardware and software, said Arm CEO Simon Segars, who will join Nvidia. The deal needs approvals by the U.K., China, EU and U.S. Nvidia expects the transaction to close in about 18 months. Nvidia shares closed 5.8% higher Monday at $514.89.