Graphics-chip maker Nvidia is preparing to abandon its long shot bid to acquire chip designer Arm, according to a media report. Read More...
TechCrunch
Report suggests NVIDIA is preparing to walk away from its ARM acquisition
NVIDIA has reportedly made little to no progress in gaining regulatory approval for its $40 billion purchase of ARM and is privately preparing to abandon the deal, according to Bloomberg’s sources. Meanwhile, current ARM owner SoftBank is reportedly advancing a program to take ARM public as an alternative to the acquisition, said another person familiar with the matter. NVIDIA announced the deal in September 2020, with CEO Jensen Huang proclaiming it would “create a company fabulously positioned for the age of AI.”
