Nvidia Acquires Arm for $40 Billion

Nvidia will acquire Arm from SoftBank for $40 billion, the companies announced Sunday. 

“Arm will remain headquartered in Cambridge,” Jensen Huang, founder and CEO of Nvidia, said in a statement. “We will expand on this great site and build a world-class AI research facility, supporting developments in healthcare, life sciences, robotics, self-driving cars and other fields. And, to attract researchers and scientists from the UK and around the world to conduct groundbreaking work, Nvidia will build a state-of-the-art AI supercomputer, powered by Arm CPUs. Arm Cambridge will be a world-class technology center.”

“Arm and Nvidia share a vision and passion that ubiquitous, energy-efficient computing will help address the world’s most pressing issues from climate change to healthcare, from agriculture to education,” said Simon Segars, CEO of Arm. “Delivering on this vision requires new approaches to hardware and software and a long-term commitment to research and development.”

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