SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 01 Aug, 2020  

Handshake.9.Thmb.jpg Nvidia may acquire chip maker ARM for $32bn: Report

Handshake.9.jpg
   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
IANS | 01 Aug, 2020
US chip-maker Nvidia is reportedly in advance talks to acquire SoftBank-owned UK chip company ARM in a cash-and-stock deal worth at least $32 billion.

According to a report in the Financial Times on Friday citing sources, the talks began after "Nvidia approached SoftBank, which has been pursuing a series of other asset sales, about a potential acquisition".

The proposed deal includes "both cash and stock and that it valued ARM at above the $32bn price that SoftBank paid for the business in 2016".

Both Nvidia and ARM did not comment on the report.

The British chip designer powers major mobile processor from companies like Qualcomm, Apple, Samsung and Huawei.

Apple last month confirmed its break up with Intel chips for ARM chips in its Mac desktops, announcing it will transition the Mac to its world-class custom silicon to deliver industry-leading performance and powerful new technologies.

Buying ARM would consolidate graphics giant Nvidia's position at the centre of the semiconductor industry.

SoftBank bought ARM for $31 billion in 2016.

Microsoft makes an ARM-based Surface laptop and a version of Windows designed for ARM.

According to The Verge, Nvidia would make an interesting owner for ARM.

While Nvidia is the leader for GPUs, it has little to do with CPU design or mobile hardware.

Nvidia said this week it delivered the world's fastest Artificial Intelligence (AI) training performance among commercially available chips, a feat that will help big enterprises tackle the most complex challenges in AI, data science and scientific computing.

Nvidia A100 GPUs and DGX SuperPOD systems were declared the world's fastest commercially available products for AI training, according to MLPerf benchmarks.

The A100 Tensor Core GPU demonstrated the fastest performance per accelerator on all eight MLPerf benchmarks.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter