SoftBank
New York (AFP) - British chip designing giant Arm has launched the process for a public stock listing in New York, in what could be the biggest US share offering in years. The firm, which is owned by Japan's SoftBank, is a world leader in designing chips that are used in smartphones across the world and aims to be a major player in artificial intelligence (AI). The company, which is owned by Japan's SoftBank, said in documents filed on Monday it planned to list on the Nasdaq, which specialises in tech shares, after opting earlier this year against floating on the London stock exchange. It did...
AFP
Tokyo (AFP) - Japan's SoftBank Group said Monday it is selling British chip designer Arm to US firm NVIDIA for up to $40 billion, potentially creating a new giant in the industry but sparking an investigation by UK regulators and fears about the impact on jobs.If approved, the deal will be one of the largest acquisitions anywhere in the world this year and propel NVIDIA to the forefront of the semiconductor sector.The announcement also renewed speculation about SoftBank Group's future, with Bloomberg News reporting it is set to revive talks about going private via a management buyout plan.The ...
AFP
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