Over a year ago, NVIDIA announced its intention to acquire ARM for $40 billion. This transaction was supposed to be the largest in the entire semiconductor industry, but today it became known that the deal still will not take place. By the way, the first rumors about the refusal of the acquisition appeared at the end of last month.
According to representatives of both companies, the deal was derailed due to constantly obstructing the deal of regulators. As for the bottom line, NVIDIA lost $1.25 billion in upfront money and ARM will go public. Also, current ARM CEO Simon Segars will step down and be replaced by Rene Haas, head of intellectual property.
“ ARM has a great future and we will continue to support them as proud licensees for decades to come. Although we will not be one company, we will work closely together. Significant investments have enabled ARM to expand the capabilities of the company's central processing units beyond client computing to supercomputing, cloud computing, artificial intelligence, and robotics. I expect ARM to be the most important processor architecture in the next decade .” – Jensen Huang, NVIDIA CEO
“ ARM is becoming the center of innovation not only in the mobile phone revolution, but also in cloud computing, automotive, Internet of things and the metaverse, and has entered the second phase of growth. We will take this opportunity and start preparing for the ARM public offering and making even more progress. I want to thank Jensen and his talented team for trying to bring these two great companies together and wish them every success .” – Masayoshi Son, CEO, SoftBank Group.
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