Nvidia confirmed today that it is acquiring chip designer Arm from SoftBank for $40 billion. Notably, Apple licenses technology from Arm Holdings for the A-series processors used in the iPhone and iPad, as well as the upcoming Apple Silicon chips for Mac.
Reports first suggested that SoftBank was mulling a sale of Arm Holdings back in July. Now, the deal has been made official. As reported by Bloomberg, Nvidia will acquire Arm Holdings from SoftBank for $21.5 billion in stock and $12 billion in cash, as well as a $2 billion payment at signing and an additional $5 billion contingent upon Arm performance.
For Apple, it's unclear what exactly Nvidia's acquisition of Arm could mean. Nvidia and Apple have had a rocky relationship for quite a while. However, Nvidia says that Arm will "continue to operate its open-licensing model while maintaining the global customer neutrality that has been foundational to its success."
From 9to5 Mac
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