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CEO of arm: will write the next chapter together with NVIDIA

via:新浪科技     time:2020/9/14 18:34:19     readed:830

NVIDIA and Softbank today announced a final agreement under which NVIDIA will acquire arm, a UK chipmaker, from Softbank group and Softbank vision fund for about $40 billion. NVIDIA said in a statement that the deal is expected to immediately increase the company's gross margin and earnings per share (based on non US GAAP).


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NVIDIA also said that combining NVIDIA's artificial intelligence (AI) computing platform with arm's huge ecosystem will create a first-class computing company in the AI era and expand into large and high growth markets while accelerating innovation.

Through its stake in NVIDIA (less than 10%), Softbank group will continue to be committed to arm's long-term success. "Artificial intelligence is the most powerful technological force of our time, and has set off a new wave of computing," said Jensen Huang, founder and CEO of NVIDIA

"In the future, the trillions of computers running artificial intelligence will create an Internet of things (IOT) thousands of times larger than today's Internet. This merger will create a new company positioned in the era of artificial intelligence. "

Masayoshi son, Softbank chairman and CEO, said: "NVIDIA is the perfect partner for arm. Since the acquisition of arm, we have fulfilled our commitment to invest heavily in people, technology and R & D to expand our business into new areas with high growth potential. "

"Achieving this vision requires new hardware and software approaches, as well as a long-term commitment to R & D. By combining the technological advantages of our two companies, we can accelerate the pace and create new solutions that make the global innovator ecosystem possible. My management team and I are very happy to join NVIDIA to write the next chapter together. "

Under the terms of the deal, which have been approved by the boards of directors of each party, NVIDIA will pay Softbank a total of $21.5 billion in common stock and $12 billion in cash, including $2 billion due at the time of signing. In addition, Softbank will receive $5 billion in cash or common stock from NVIDIA when arm achieves the corresponding performance targets. In addition, NVIDIA will provide at least $1.5 billion in equity for arm employees.

The deal, which has yet to be approved by regulators in the UK, China, the European Union and the US, is expected to be completed within 18 months. After the deal is completed, arm will continue to be headquartered in Cambridge, UK.

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