Windows 10 News and info | Forum
September 19, 2020, Loading... *
Welcome, Guest. Please login or register.

Login with username, password and session length
News: This is a clean Ad-free Forum and protected by StopForumSpam, Project Honeypot, Botscout and AbuseIPDB | This forum does not use audio ads, popups, or other annoyances. New member registration currently disabled.
 
  Website   Home   Windows 8 Website GDPR Help Login Register  
By continuing to use the site or forum, you agree to the use of cookies, find out more by reading our GDPR policy.
Pages: [1]
  Print  
Share this topic on Del.icio.usShare this topic on DiggShare this topic on FacebookShare this topic on GoogleShare this topic on MySpaceShare this topic on RedditShare this topic on StumbleUponShare this topic on TechnoratiShare this topic on TwitterShare this topic on YahooShare this topic on Google buzz
Author Topic: NVIDIA to acquire Arm for $40 billion through a stock and cash deal  (Read 5 times)
javajolt
Administrator
Hero Member
*****
Offline Offline

Gender: Male
United States United States

Posts: 31790


I Do Windows


WWW Email
« on: September 14, 2020, 03:05:04 PM »
ReplyReply

NVIDIA today announced that it acquire Arm from SoftBank for $40 billion. SoftBank is committed to Arm’s long-term success through its ownership stake in NVIDIA which is expected to be under 10 percent.

Key highlights of NVIDIA ARM deal:

■ Arm will remain headquartered in Cambridge.

■ NVIDIA will continue Arm’s open-licensing model and customer neutrality and expand Arm’s IP licensing portfolio with NVIDIA technology

■ NVIDIA will build a state-of-the-art AI supercomputer, powered by Arm CPUs. Arm Cambridge will be a world-class technology center.

■ NVIDIA will pay to SoftBank a total of $21.5 billion in NVIDIA common stock and $12 billion in cash, which includes $2 billion payable at signing. The number of NVIDIA shares to be issued at closing is 44.3 million, determined using the average closing price of NVIDIA common stock for the last 30 trading days. Additionally, SoftBank may receive up to $5 billion in cash or common stock under an earn-out construct, subject to satisfaction of specific financial performance targets by Arm.

■ NVIDIA will also issue $1.5 billion in equity to Arm employees.

■ The proposed transaction is subject to customary closing conditions, including the receipt of regulatory approvals for the U.K., China, the European Union and the United States. Completion of the transaction is expected to take place in approximately 18 months.

“AI is the most powerful technology force of our time and has launched a new wave of computing,” said Jensen Huang, founder and CEO of NVIDIA. “In the years ahead, trillions of computers running AI will create a new internet-of-things that is thousands of times larger than today’s internet-of-people. Our combination will create a company fabulously positioned for the age of AI.

“Simon Segars and his team at Arm have built an extraordinary company that is contributing to nearly every technology market in the world. Uniting NVIDIA’s AI computing capabilities with the vast ecosystem of Arm’s CPU, we can advance computing from the cloud, smartphones, PCs, self-driving cars and robotics, to edge IoT, and expand AI computing to every corner of the globe.

“This combination has tremendous benefits for both companies, our customers, and the industry. For Arm’s ecosystem, the combination will turbocharge Arm’s R&D capacity and expand its IP portfolio with NVIDIA’s world-leading GPU and AI technology.

source
Logged


Pages: [1]
  Print  
 
Jump to:  

Powered by SMF 1.1.21 | SMF © 2017, Simple Machines

Google visited last this page September 16, 2020, 08:03:52 PM