Business
Nvidia buys Arm for US$40 billion – Hardware – iTnews
Creates a giant in the chip industry.
Nvidia has agreed to buy British chip designer Arm Holdings from SoftBank for US$40 billion (A$55 billion), creating a giant in the chip industry.
The cash and stock deal for Arm was announced on Monday morning.
Nvidia is known for its graphics chips that power video games, but it has developed other markets including artificial intelligence, self-driving cars and data centres.
Arm supplies the chip technology for virtually all mobile devices such as phones and tablets but is also expanding i…
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