Daily Sabah logo

Politics
Diplomacy Legislation War On Terror EU Affairs Elections News Analysis
TÜRKİYE
Istanbul Education Investigations Minorities Expat Corner Diaspora
World
Mid-East Europe Americas Asia Pacific Africa Syrian Crisis Islamophobia
Business
Automotive Economy Energy Finance Tourism Tech Defense Transportation News Analysis
Lifestyle
Health Environment Travel Food Fashion Science Religion History Feature Expat Corner
Arts
Cinema Music Events Portrait Reviews Performing Arts
Sports
Football Basketball Motorsports Tennis
Opinion
Columns Op-Ed Reader's Corner Editorial
PHOTO GALLERY
JOBS ABOUT US RSS PRIVACY CONTACT US
© Turkuvaz Haberleşme ve Yayıncılık 2023

Daily Sabah logo

عربي
  • Politics
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • Elections
    • News Analysis
  • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Expat Corner
    • Diaspora
  • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • Islamophobia
  • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
  • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
  • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Reviews
    • Performing Arts
  • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
  • Gallery
  • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
  • TV
  • Business
  • Automotive
  • Economy
  • Energy
  • Finance
  • Tourism
  • Tech
  • Defense
  • Transportation
  • News Analysis

Nvidia nears deal to acquire chip designer Arm for over $40 billion

by REUTERS

Sep 13, 2020 - 3:03 pm GMT+3
The Nvidia booth is shown at the E3 2017 Electronic Entertainment Expo in Los Angeles, California, U.S., June 13, 2017. (Reuters Photo)
The Nvidia booth is shown at the E3 2017 Electronic Entertainment Expo in Los Angeles, California, U.S., June 13, 2017. (Reuters Photo)
by REUTERS Sep 13, 2020 3:03 pm

Nvidia Corp. is close to a deal to buy British chip designer Arm Holdings from SoftBank Group Corp. for more than $40 billion in a deal that would create a giant in the chip industry, according to two people familiar with the matter.

A cash and stock deal for Arm could be announced as early as next week, the sources said.

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 centers.

Arm supplies the chip technology for virtually all mobile devices such as phones and tablets but is also expanding into processors for cars, data center services and other devices.

The British company does not make chips itself. Instead, it licenses out the underlying technology so others can make chips with it. It has previously collaborated with Nvidia.

Last year, Nvidia said it would make its chips work with processors from Arm to build supercomputers, deepening its push into systems that are used for modeling both climate change predictions and nuclear weapons.

SoftBank acquired Arm for $32 billion in 2016, its largest-ever purchase, in part to expand into the internet-of-things technology, which connects everyday devices from traffic signals to refrigerators to the internet.

The terms would mark a big win for the Japanese company which has struggled to jump-start growth in the business, according to The Wall Street Journal, which reported on the deal earlier.

  • shortlink copied
  • Last Update: Sep 13, 2020 4:16 pm
    RELATED TOPICS
    fight-against-terrorism DEUTSCHE-BANK US-LIBYA-RELATIONS
    KEYWORDS
    technology chip graphic chip
    The Daily Sabah Newsletter
    Keep up to date with what’s happening in Turkey, it’s region and the world.
    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    Swedish Foreign Minister Tobias Billstrom attends a press conference after his meeting with Latvian Foreign Minister Edgars Rinkevics (not pictured) in Riga, Latvia, Jan. 27, 2023. (EPA Photo)

    Türkiye-Sweden talks on NATO bid suspended: FM Billstrom

    TÜRKIYE-SWEDEN-RELATIONS
    Italy's Prime Minister Giorgia Meloni and Libya's Tripoli-based Prime Minister Abdulhamid Dbeibah hold a joint news conference in the Libyan capital, on Jan. 28, 2023. (AFP Photo)

    Italy, Libya ink $8B gas deal during PM Meloni's visit

    Libya

    Erdoğan slams foreign media for perception management pre-elections

    Recep-Tayyip-Erdoğan

    Türkiye issues travel warning for citizens visiting EU countries

    türkiye-eu-relations
    Victoria Falls
    7 natural wonders of the world
    PHOTOGALLERY
    • POLITICS
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • News Analysis
    • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Diaspora
    • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • İslamophobia
    • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
    • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
    • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Performing Arts
    • Reviews
    • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
    • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
    • Photo gallery
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021