Arm's £30bn takeover by Nvidia will 'destroy its business model'

NVIDIA Reportedly Near Deal To Buy Arm For $40+ Billion Dollars

The approaching offer of Arm Holdings to Nvidia Corp. for $40 billion could have wide-running ramifications for the worldwide semiconductor industry, further hoisting perhaps the most noteworthy flier and loosening up another huge wager by SoftBank Group Corp. The company supply chips for most of the PC games.

Being owned by a USA company could mean Arm is exposed to US government export bans at a time when Washington is in a battle for tech supremacy with China.

The second major point of contention for the deal is within the U.K. According to a story by The Guardian, the Labour party, a science and technology workers' union and Arm co-founder Hermann Hauser have called on the government to use its powers to block foreign takeovers, or attach conditions to them. Last night, the GPU giant confirmed that it will be spending $40 billion buying Arm from SoftBank, who previously acquired the company in 2016 for $32 billion. To attest to the same, the deal mentions that Arm will continue to be headquartered in Cambridge (UK), which will also be home to its upcoming AI developments.

The combination brings together NVIDIA's leading AI computing platform with Arm's vast ecosystem to create the premier computing company for the age of artificial intelligence, accelerating innovation while expanding into large, high-growth markets.

In some cases, this will involve selling new chips of its own but often, particularly in cheaper devices, Nvidia plans to adopt Arm's business model: packaging Arm's processor designs with its own core technologies to create integrated blueprints for other chipmakers.

"It's a disaster for Cambridge, the United Kingdom and Europe", Hermann Hauser told Reuters in an interview, referring to Arm's base in eastern England.

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Also supporting market sentiment were gains in US stock futures during the Asian trade in addition to COVID-19 vaccine hopes after AstraZeneca resumed its trials.

"Simon Segars and his team at Arm have built an extraordinary company that is contributing to almost every technology market in the world".

Arm CEO Simon Segars shrugged off the concerns. "Independence is critical to the ongoing success of Arm and once that is compromised, its value will start to erode", he said.

Ought to a deal come collectively, it might be one of many largest transactions up to now this yr and probably the biggest semiconductor deal ever.

SoftBank has been trying to raise funds to improve its battered financial situation after reporting a record net loss of 961.58 billion yen (9.06 billion US dollars) in fiscal 2019 through March, owing to its Vision Fund's investments in poorly performing tech startups such as WeWork, a USA provider of shared work spaces. The deal, which has been rumored for quite some time now, is slated to be completed over the course of the next 18 months - somewhere in 2022.

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