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Softbank Sales ARM to Nvidia Corp

In order to reshape the semiconductor industry, Softbank Corp has announced the sale of ARM to Nvidia Corp $40 billion.

ARMNvidia has to pay $21.5 billion in stock and $12 billion in cash for the U.K.-based chip designer, including a $2 billion payment at signing. SoftBank may receive an additional $5 billion in cash or stock if Arm’s performance meets certain targets, the companies said Sunday in a statement.

An additional $1.5 billion will be paid to Arm employees in Nvidia stock.

Arm is the most popular chip designer in the world and its SoC chips are licensed in virtually every modern smartphone. In addition its code and chip layouts power a diverse set of appliances and products spanning from home appliances to supercomputers.

Nvidia CEO Jensen Huang shared that they are joining arms with Arm to create the leading computing company for the age of AI. He said, AI is the most powerful technology force of our time. Learning from data, AI supercomputers can write software no human can. Amazingly, AI software can perceive its environment, infer the best plan, and act intelligently. This new form of software will expand computing to every corner of the globe. Someday, trillions of computers running AI will create a new internet — the internet-of-things — thousands of times bigger than today’s internet-of-people.

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Nitisha Dubey

I am a Journalist with a post graduate degree in Journalism & Mass Communication. I love reading non-fiction books, exploring different destinations and varieties of cuisines. Biographies and historical movies are few favourites.

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