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SoftBank has dropped its plans to sell the British semiconductor and software design company Arm to U.S. chipmaker Nvidia. The Federal Trade Commission had sued to block the $40 billion deal.
SoftBank Group announced plans today for an initial public offering for Arm instead.
SoftBank's semiconductor and software design subsidiary, Arm Limited, has announced plans to release an initial public offering within the next fiscal year. Nvidia had planned to acquire Arm from...
UK chipmaker's CEO steps down as it now heads for a flotation on the stock market
After a few years of battling regulatory opposition due to competition concerns, Nvidia has reportedly abandoned its $40 billion purchase of Arm from SoftBank.