Categories
Apple Apple Silicon Business Developer Finance Hardware iPad iPhone News Processors retail

NVIDIA secures purchase of Arm in $40 billion deal

It’s hard to ignore a $40 billion business deal between two giant chipmakers.

NVIDIA announced on Sunday that the company had come to an agreement to buy UK-based chipmaker Arm from Softbank.

Arm chipsets are currently incorporated in Apple’s iPhones and iPads, and are slated to become the core of Apple Silicon Macs. Per NVIDIA CEO and co-founder Jensen Huang, Arm will remain headquartered in Cambridge, UK.

Huang offered the following comments:

“Simon Segars and his team at Arm have built an extraordinary company that is contributing to nearly every technology market in the world. 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 globe. This combination has tremendous benefits for both companies, our customers, and the industry. For Arm’s ecosystem, the combination will turbocharge Arm’s R&D capacity and expand its IP portfolio with NVIDIA’s world-leading GPU and AI technology.”

Per TechCrunch,

Arm co-founder Hermann Hauser has lauched a ‘Save Arm’ campaign. Indeed, he has written an open letter to UK Prime Minister Boris Johnson in which he described himself as “extremely concerned” by the sale. He proposed that “the natural alternative to an Arm sale to Nvidia is to take Arm public on the London Stock Exchange and make it a British owned company again with a Golden Share for national economic security.”

It’s unknown how this transaction will affect the future of Apple’s products, and whether anything will change given its presence.

Stay tuned for additional details as they become available.

Via The Mac Observer and TechCrunch