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Nvidia and Arm are closing their $ 80 billion merger, according to company announcements tonight. Arm CEO Simon Segers has resigned.
The deal was one of the most daring moves by two industry leaders to define the future of computing, but it turned out to be very bold because regulators around the world were worried about the deal.
That’s a blow to SoftBank, which had hoped to sell the arm for a tidy profit. Renee Haas, president of Arma’s intellectual property group (and former Nvidia VP and general manager of its computing products business), will now become Arma’s CEO.
Arm, meanwhile, said it would consider a public offer rather than an acquisition with an initial public offering within the next 12 months.
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The US Federal Trade Commission said it would sue for blocking the merger, as the joint venture would unfairly weaken Nvidia’s rivals. The EU’s distrust regulators also objected. Competitors like Intel, Advanced Micro Devices and Qualcomm should now breathe easy. Intel was backing RISC V, one of Arm’s intellectual property rivals, as a kind of contingency to deal with Nvidia’s potential hold on Arm.
Nvidia is at the forefront of the graphics processing unit (GPU) and AI processor market for computers and servers, while Arm has built the intellectual property that governs the Internet of virtually all smartphones and objects.
Nvidia first announced its plans for this mega-merger in September 2020. At the time, the deal was worth 40 billion. They originally hoped the deal would close by March 2022.
“Arm’s future is bright, and we will continue to support him as a proud licensee for decades to come,” Nvidia CEO Jensen Huang said in a statement. “Computing is at the heart of important dynamics. Although we are not a company, we will be partnering closely with Arm. [SoftBank CEO Masayoshi Son] Arm has been positioned to expand the reach of the arm CPU beyond client computing to supercomputing, cloud, AI and robotics. I hope Arm will be the most important CPU architecture of the next decade. “
The son once told me that he plans to use the arm to understand the future of AI in the coming decades or the moment when AI intelligence exceeds human intelligence in preparation for loneliness. But then he agreed to sell the company to Nvidia.
SoftBank Group announced that, in coordination with ARM, it will begin preparations for the public offering of ARM in the fiscal year ending March 31, 2023. SoftBank believes that Armani’s technology and intellectual property will continue to be at the center of mobile computing and development. Artificial intelligence.
“Arm is becoming a hub of innovation not only in the mobile phone revolution, but also in cloud computing, automotive, the Internet of Things and Metawors and has entered its second growth phase,” said Putra, CEO of Softbank Group. One line. “We will seize this opportunity and begin preparations to make the arm public and to make further progress. I thank Jensen and his talented team at Nvidia for trying to bring these two great companies together and wish them success. “
Softbank will pay N 1.25 billion from Nvidia as a breakup fee for the deal.
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