Nvidia acquires Arm from SoftBank for $40 billion

Nvidia confirmed that it is acquiring processor architecture firm Arm from Softbank for $40 billion. The deal has been confirmed after weeks of speculation, following a report yesterday by the Wall Street Journal.

Santa Clara, California-based Nvidia, a maker of graphics and AI chips, said the deal consolidates its expertise in artificial intelligence with Arm’s vast computing ecosystem. Cambridge, England-based Arm has more than 6,000 employees, while Nvidia has over 13,000.