NEW: Nvidia officially terminates its Arm purchase
Tuesday announcing plans for an initial public offering for Arm within the fiscal year ending March 31, 2023.CEO Simon Segars was leaving his role, effective immediately. Rene Haas, president of the company's IP group and former Nvidia vice president, is taking over the position.
"Rene is the right leader to accelerate Arm's growth as the company looks to re-enter the public markets," said SoftBank CEO Masayoshi Son in a statement.While it doesn't manufacture processors, or even design entire chips, Arm's processor cores are widely used in everything from smartphones to cars to networking gear.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
NVIDIA has reportedly abandoned its plans to purchase ARM | EngadgetAccording to The Information, the $60 billion deal collapsed on Monday..
Les mer »
Nvidia Abandons Plans To Acquire ARM Amid Regulatory Pressure, British Chipmaker Will Explore IPONvidia’s plans to acquire ARM have been scrapped amid regulatory pushback from the U.S., U.K. and Europe.
Les mer »
SoftBank Plans to Take Arm Public After Nvidia's $66 Billion Takeover Deal CollapsesThe deal was originally announced in 2020 and had a value at the time of $40 billion in Nvidia stock and cash, before Nvidia’s stock rose.
Les mer »
Nvidia becomes 7th-largest U.S. company as it passes Facebook owner Meta for the first timeNvidia Corp. became the seventh-largest U.S. company Monday as it overtook Facebook-parent Meta Platforms Inc. for the first time.
Les mer »