Recent reports point to graphics chip giant Nvidia abandoning its bid to gobble up Arm for over $40 Billion
By the time you read this Nvidia’s nearly two-year-long quest to consume mobile chip giant Arm may be over. Bloomberg is reporting that Nvidia may be winding down efforts to close the $40 billion deal for the British semiconductor company after facing opposition in the U.S., in Europe from the European Union, and from China. Essentially, no one outside of Nvidia, Arm, and Softbank, Arm’s current owner, liked the deal. Softbank, according to the report, might soon prep Arm Holdings for an IPO. TechRadar has reached out to Nvidia for comment and will update this post with its reply. While Nvidia is primarily known as a graphics company, and Arm produces the underpinning for most of the leading mobile CPUs, the acquisition was tied primarily to Nvidia’s Artificial Intelligence aspirations. “AI is the most powerful technology force of our time and has launched a new wave of computing,” said Nvidia CEO and Founder Jensen Huang in a release when the company’s announced the deal in 2020.
