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Nvidia confirms purchase of ARM for $40 billion

TOPICS: ARM, equity, Nvidia, shares, SoftBank

Nvidia has announced that it has reached an agreement with the SoftBank Group to buy the British chip designer ARM for $40 billion (‘33.75 billion). The company says that ARM will operate as a division of Nvidia, maintain its headquarters in Cambridge, UK, and “continue to operate its open licensing model while maintaining its neutrality […]

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