Skip to content

Nvidia drops plans to buy Arm for $40B

Graphics chipmaker Nvidia has announced it’s dropping plans to buy chip designer Arm from SoftBank Group Corp. for $40 billion after regulators pushed back over antitrust concerns.

In a joint statement issued today, US-based Nvidia and Japan-based Softbank said they terminated the agreement they’d been working on since September 2020 because of “significant regulatory challenges.”

To read this article in full, please click here

Source:: Computerworld