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The US graphics processor company Nvidia has announced that it will buy the chipmaker ARM from the Japanese company SoftBank for 40,000 million dollars (about 33,500 million euros). ARM chips are installed in countless types of smartphones, PCs, and video game consoles, but they are also used in advanced robotics. ARM will continue to be based in the UK and will operate as a division of Nvidia. Nvidia CEO Jensen Huang said that the priority for his company after the acquisition will be “to spread Nvidia technology on the large ARM network.”
SoftBank bought Arm in 2016 for $ 31 billion (about € 26 billion). Nvidia will pay SoftBank $ 21.5 billion in stock (nearly € 18 million) and $ 12 billion in cash (about € 10 billion), including € 2 billion in signing. The agreement calls for SoftBank to acquire a stake in Nvidia of between 6.7% and 8.1%.
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