NVIDIA confirms it is acquiring ARM for US$40 billion
NVIDIA confirms it is acquiring ARM for $US40 billion
NVIDIA just announced that it will be acquiring ARM from SoftBank for US$40 billion.
In a press release, NVIDIA says the acquisition will bring together its AI computing platform with ARM's vast ecosystem to create a premier computing company for the age of AI.
“AI is the most powerful technology force of our time and has launched a new wave of computing,” said Jensen Huang, founder and CEO of NVIDIA. “In the years ahead, trillions of computers running AI will create a new internet-of-things that is thousands of times larger than today’s internet-of-people. Our combination will create a company fabulously positioned for the age of AI.
ARM will continue to operate its open-licensing model and maintain the global customer neutrality. In addition, ARM partners will benefit from NVIDIA's innovations.
The acquisition is slated to be completed in September 2021.