Nvidia reportedly completes acquisition of SoftBank's chip designer ARM, valued at more than $ 40 billion.
The deal, reported by the Wall Street Journal and Reuters citing sources familiar with the matter, will create a giant in the chip industry.
Nvidia previously worked with ARM, which licenses technology to chip manufacturers. ARM's technology can be found in mobile devices like smartphones and tablets, but it has also extended the range to vehicles, data centers and others.
According to sources, ARM is valued at the low end of the cash-and-stock deal under discussion at $ 40 billion. If the deal wins, it will be a win for SoftBank, which acquired ARM for $ 32 billion in 2016 but "struggled to grow the business," according to the Wall Street Journal.
Nvidia and ARM have reportedly been in exclusive talks for several weeks. The deal can be closed as early as early next week if there are no last-minute issues.
The ARM acquisition will be critical for Nvidia if it catches on, as it may give the company far greater reach than rivals Intel and AMD.
Digital Trends reached out to Nvidia regarding the reported deal to acquire ARM, but the company declined to comment.
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