Page 8 - Simon Segars News Today

In a blow to the City, Arms owner, Masayoshi Son (pictured), said he plans to float the Cambridge firm on the technology-heavy Nasdaq exchange.

Downing Street was totally mesmerised by Softbank chief Masayoshi Son when he was encouraged to buy Cambridge-based Arm Holdings in 2016.

Nvidia’s plans to acquire Arm has been dropped due to regulatory hindrances and now Arm may go on the IPO route.

Downing Street was totally mesmerised by Softbank chief Masayoshi Son when he was encouraged to buy Cambridge-based Arm Holdings in 2016.

TOKYO — SoftBank’s planned sale of the British semiconductor and software design company Arm to U.S. chip maker Nvidia has fallen through, but the Japanese technology investor immediately turned bullish on taking it public. SoftBank Group Corp. said Tuesday it plans an initial public offering of Arm after the intended sale to Nvidia failed because of regulatory problems. It said the public offering would come sometime in the fiscal year ending in March 2023.

What does the collapse of the Nvidia ARM acquisition mean for the CPU design company? Will ARM keep designing Neoverse chips?

Graphics giant Nvidia will no longer be spending tens of billions of dollars to acquire Arm, according to three anonymous sources "with direct knowledge of the transaction" who spoke to the Financial Times.

The deal, announced in 2020, had faced several regulatory hurdles amid concerns that it could push up prices and reduce choice and innovation.

Nvidia has reportedly halted all efforts to acquire Arm for over $40 billion after a year and a half of trying amid intense regulatory scrutiny.

Owner Softbank may float the UK tech firm as Nvidia takeover falls through