The Wall Street Journal reported Saturday that SoftBank Group Corp. is nearing a deal to sell British chip designer Arm Holdings to Nvidia Corp. for more than $40 billion, potentially shaking up the semiconductor industry. Based in Cambridge, England, Arm was founded in 1990—a spinoff of a collaboration between Apple Inc. and Acorn Computer Group. It took a different strategy than rival Intel Corp., focusing on designing chips that consumed the least energy. Nvidia Corp. is best known for making the graphics chips in videogames that have been in hot demand during the pandemic. The transaction would mark one of the biggest changes in the semiconductor landscape in years—basically since SoftBank bought Arm.

Source: Mint September 13, 2020 05:37 UTC