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Nvidia confirms it’s buying Arm for $40B to expand its AI efforts

Mimi Sabreena 12:34:00 PM Technology

Graphics hardware and AI giant Nvidia has confirmed its long-rumored acquisition of UK-based chip design firm Arm from SoftBank in a $40 billion transaction slated to be completed over the next 18 months. The deal will see Nvidia further develop its AI computing platform to reach more devices and applications, while also radically reshaping the global semiconductor industry. Jenson Huang, the company’s CEO, noted: Uniting NVIDIA’s AI computing capabilities with the vast ecosystem of Arm’s CPU, we can advance computing from the cloud, smartphones, PCs, self-driving cars and robotics, to edge IoT, and expand AI computing to every corner of the…

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