UK-based Chip Designer ARM sold to Nvidia

It was inevitable after months of rumors and talks. Nvidia will be the dominant player when it comes to AI technology and architecture, can’t wait to see what new products Nvidia will come up with in the future.

Taken from BBC … UK-based computer chip designer ARM Holdings is being sold to the American graphics chip specialist Nvidia. The cash-and-stock deal values ARM as being worth as much as $40bn (£31.2bn). It has been struck by current owner, Japanese conglomerate Softbank, four years after it acquired ARM for $32bn. ARM’s tech is at the heart of most smartphones, among many other devices.

Nvidia has promised to keep the business based in the UK, to hire more staff, and to retain ARM’s brand. It added that the deal would create “the premier computing company for the age of artificial intelligence” (AI).

“ARM will remain headquartered in Cambridge,” said the US firm’s chief executive Jensen Huang in a press release.

“We will expand on this great site and build a world-class AI research facility, supporting developments in healthcare, life sciences, robotics, self-driving cars and other fields.”

Source: BBC

 

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