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...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.