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Nvidia will buy Arm for up to $40 billion, combining smartphone, GPU powerhouses |
September 14, 2020
Nvidia agreed to purchase Arm for up to $40 billion in cash and stock, the companies said Sunday night. This mammoth deal in the chip industry is expected to bolster AI and GPU powerhouse Nvidia’s chip portfolio, even as it’s sure to attract antitrust attention in the smartphone market.Nvidia will pay Softbank, the company’s current owner, a total of $21.5 billion in Nvidia stock and $12 billion in cash, including $2 billion payable at signing. Nvidia will also issue $1.5 billion in equity to Arm employees. It may also pay Softbank up to $5 billion in cash or stock if Arm meets specific financial performance targets—bringing the final purchase price up to $40 billion -- the largest chip deal ever.To read this article in full, please click here
Link: https://www.pcworld.com/article/3574961/nvidia-will-buy-arm-for-up-to-40-billion-combining-smartphone-gpu-powerhouses.html#tk.rss_all
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