The official end titles for today also fell acquisition of ARM by Nvidia, with the two companies announcing the friendly end of negotiations in joint statement.
Η her ambitious proposal NVIDIA to acquire it ARM could not be made on the basis of the information provided published last month, and today we received the official confirmation that the two parties terminate the acquisition agreement due to "significant regulatory challenges».
The two sides announced the friendly end of negotiations in joint statement .
Ο Jensen Huang, CEO and Founder NVIDIA, stated:
Although we did not succeed in becoming a company, we will continue to work closely with Arm. Significant investments made by Masa have allowed Arm to expand its reach. Arm CPU even in supercomputers, cloud, AI and robotics.
I expect Arm to be the most important CPU architecture in the next decade.
On the other hand, o Masayoshi Son, President and Chief Executive Officer Softbank, stated:
Η NVIDIA and Softbank announced for the first time the signing of a final agreement for the acquisition of Arm September 2020. The Softbank was optimistic that the deal could be completed by August of last year, but things started to go awry when NVIDIA said it was facing regulatory hurdles to complete the acquisition.
The deal has also been criticized by other giant companies, such as Google, Microsoft and Qualcomm, worried that this acquisition of ARM by Nvidia could seriously affect the chip market. The co-founder of Arm also added fuel to the fire, saying that this acquisition would be "an absolute disaster».
Club Softbank acquired Arm in 2016 for $ 32 billion to refresh the portfolio IoT of. Arm technology is currently used in many devices sold worldwide, including its smartphones Apple and Samsung. So it's clear why NVIDIA's acquisition of Arm was so strongly condemned by almost the entire tech world. Furthermore, the US Federal Trade Commission sued Nvidia to stop the acquisition in December 2021.
Nevertheless, the Softbank continues to be interested in selling ARM, and believes that its acquisition may be completed by 2022.
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