Arm processors are known for power efficiency, which makes them ideal for battery-powered portable devices such as smartphones and tablets
Arm will pay for initial development costs, which may go up hundreds of billions of yen, with SoftBank also contributing, the report said
Arm Holdings Plc has recently laid off over 70 software engineers in China though it will relocate some of the roles outside of the Asian nation, according to people with knowledge of the move.
SoftBank is offering 95.5 million American depository shares of the Cambridge, United Kingdom-based company for $47 to $51 apiece and aims to raise up to $4.87 billion at the top of the range
At $10 billion, the listing could be the largest in the US since electric-vehicle maker Rivian Automotive Inc's $13.7 billion offering in October 2021
"You need to look at where your biggest opportunities are and invent your own unique business model that capitalises on your strengths," says Sir Robin Saxby
The new Kompanio chipsets allow device makers to build Chromebooks with large 32MP cameras for highly detailed image capturing
Tufan Erginbilgic, 62, spent 20 years at BP Plc, and in his most recent role before leaving in 2020 led the firm's downstream business
(Reuters) - SoftBank Group Corp <9984.T> is close to selling British chip designer Arm Holdings to Nvidia Corp for more than $40 billion, a deal which would create a giant in the chip industry, the Wall Street Journal reported https://on.wsj.com/2Rlv7HC on Saturday.
The chip is targeted for use in devices where safety is critical such as automated cars and health-care devices
ARM bids best left to the irrational or desperate