Arm has also suspended the transfer of two IOT units to Softbank, its parent company, following the collapse of its $50 billion sale plan.
In July, Softbank announced the divestiture of some assets of arm,The transfer of the Internet of things division to Softbank is planned to be completed in September, after which the two departments will also operate independently.
However, this operation was stopped before September. Arm and Softbank did not disclose the specific reasons, but it is likely to be related to the recent failure of arm sales.
Softbank Corp. bought ARM company for $32 billion in 2016 as a core asset of Softbank Corp. ARM could have sold in exchange for a large amount of cash to fill a loss loophole in parent company Softbank Corp.
Prior to this, many foreign media have been making sure that Softbank is about to reach a cooperation agreement with NVIDIA,He will spend $50 billion to buy ARM company, arguably the most valuable and influential acquisition in the semiconductor market in recent years.
But it didn't work out,Huang Renxun, the founder and CEO of NVIDIA, has denied the acquisition at the financial report meeting,No acquisition plan has even been proposed.
Judging from these months, the $NVIDIA 500 billion acquisition of ARM is more like a hype, not knowing who the source is, but Softbank Corp. has been so reluctant to say anything, NVIDIA seems willing to cooperate, only to deny the acquisition at the last minute.