×

We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

San Francisco/Tokyo — Nvidia agreed to buy SoftBank’s chip division Arm for $40bn, taking control of some of the most widely used electronics technology in the semiconductor industry’s largest-ever deal.

Nvidia will pay $21.5bn in stock and $12bn in cash for the UK-based chip designer, including a $2bn payment at signing. SoftBank may receive an additional $5bn in cash or stock if Arm’s performance meets certain targets, the companies said on Sunday in a statement. An additional $1.5bn will be paid to Arm employees in Nvidia stock...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.