Nvidia’s plans to acquire ARM have been scrapped amid regulatory pushback from the U.S., U.K. and Europe.
, ARM’s owner SoftBank will begin preparations for a public offering within the next fiscal year ending March 2023.
As part of the original acquisition agreement, SoftBank has received a $1.25 billion breakup fee from Nvidia which will be recorded as profit in its upcoming fourth quarter earnings. Nvidia CEO Jensen Huang noted that his company will remain a licensee of ARM’s chip technology “for decades to come” despite the failure of the deal.
If it had been allowed to go through, the cash and stock deal would have been worth around $80 billion—the largest ever in the semiconductor business.
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