U.S.-based graphics processing unit designer NVIDIA is buying SoftBank's computing unit Arm Limited in order to create an artificial intelligence giant.
September 14, 2020 at 05:24 AM
1 minute read
Reporter
Latham & Watkins and Morrison & Foerster have taken the lead roles on Softbank’s $40 Billion sale of computing giant Arm to graphics processing unit (GPU) inventor NVIDIA.
U.S.-based GPU designer NVIDIA and Japanese holding company SoftBank Group Corporation (SBG) agreed on Sunday that NVIDIA will acquire Arm Limited from SBG and the SoftBank Vision Fund in a transaction valued at $40 billion, according to a statement by NVIDIA.
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