MOSCOW (Sputnik) – California-based multinational tech company Nvidia and Japan’s SoftBank Group (SBG) have made a $40 billion deal under which the former is set to purchase UK software design company Arm Holdings, Nvidia said in a statement on Monday.
Once the deal goes through, Arm will retain its UK headquarters and operate as a division of Nvidia. For its part, Nvidia is expected to build a new research centre to work with Arm to develop artificial intelligence (AI) technologies.
Under the terms of the deal with the SoftBank, Nvidia will pay a total of $21.5 billion in shares and $12 billion in cash, of which $2 billion will be paid during the signing.
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The US company is now set to go through a long process of paperwork and approvals by regulators in four countries at once — the United Kingdom, China, the United States and the European Union. It will take about 18 months, according to Nvidia.
Nvidia Corporation was founded in 1993. It designs graphics processing units for the gaming and professional markets.
Arm Holdings, established in 1990 with its global headquarters in Cambridge, is a semiconductor and software design company that designs and licenses technologies for chips in Android smartphones and iPhones.
Sourse: sputniknews.com
