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30 October 2020

GPU Manufacturer Nvidia Buys Chip Maker ARM for $40 Billion | Hardware Bitcoin News

GPU Manufacturer Nvidia Buys Chip Maker ARM for $40 Billion | Hardware Bitcoin News


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Nvidia, which specializes in making hardware for video game consoles and the crypto mining sector, said in a press release that it would pay Softbank a combination of cash and shares in the transaction.

The company creates designs that other companies such as Apple, Samsung Electronics and Huawei develop into customised chips.

Under the terms of the transaction — approved by the boards of Nvidia, Softbank and Arm — Nvidia will pay Softbank $21.5 billion in stock and $12 billion in cash.

Softbank may also receive up to $5 billion in cash or stock if certain targets are met.

Nvidia will issue $1.5 billion in equity to Arm employees.

The deal gives Nvidia a way into mobile chips, but it is likely to face close scrutiny from regulators who might be concerned about issues around monopoly and conflict of interest.

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