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NVIDIA confirms it is acquiring ARM for US$40 billion

By Cookie Monster - on 14 Sep 2020, 8:28am

NVIDIA confirms it is acquiring ARM for $US40 billion

Image source: NVIDIA.

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.

Source: NVIDIA