Chip designer Arm targets $52 billion valuation in year’s largest IPO

Chip designer Arm targets $52 billion valuation in year’s largest IPO

Washington: British chip designer Arm is targeting a valuation of more than $52 billion for its initial public offering (IPO) on the Nasdaq exchange on Thursday, according to a company press release. Arm, whose semiconductor design is integrated into the vast majority of smartphones worldwide, has priced its shares at $51, the firm announced Wednesday, … Read more

SoftBank buys Vision Fund’s stake in Arm at valuation of $64 billion

SoftBank buys Vision Fund’s stake in Arm at valuation of $64 billion

NEW YORK, – SoftBank Group Corp has acquired the 25% stake in Arm Ltd it does not directly own from its Vision Fund unit in a deal that values the chip designer at $64 billion, according to people familiar with the matter. Details of the transaction will be unveiled on Monday when Arm makes public … Read more

Spinal cord stimulation restores arm, hand mobility in stroke patients – ET HealthWorld

Spinal cord stimulation restores arm, hand mobility in stroke patients – ET HealthWorld

New York: US researchers have used a device that stimulates the spinal cord to restore arm and hand mobility in two stroke patients, allowing them to perform daily life activities, such as using a fork to eat a meal. The new therapy, detailed in the journal Nature Medicine, was tested in two stroke patients with … Read more

Softbank to Meet With Samsung to Discuss ‘Strategic Alliance’ With Arm: Details

Softbank to Meet With Samsung to Discuss ‘Strategic Alliance’ With Arm: Details

SoftBank Group founder and CEO Masayoshi Son said on Thursday he plans to meet with Samsung Electronics to discuss a potential “strategic alliance” between the South Korean tech giant and chip designer Arm. The billionaire will make his first visit to Seoul in three years. “I’d like to talk with Samsung about a strategic alliance … Read more

Qualcomm, Nuvia Sued by Softbank’s Arm Over License Breach

Qualcomm, Nuvia Sued by Softbank’s Arm Over License Breach

Qualcomm, the US-based semiconductor company, and its acquired chip design firm Nuvia has been sued by Arm, a chip technology firm owned by Softbank Group, on Wednesday. Arm has raised allegations against both Qualcomm and Nuvia over breach of license agreements and trademark infringement. Nuvia, founded by former Apple chip architects, was acquired by Qualcomm … Read more

UCIe Chiplet Interconnect Standard Announced; Backed by Intel, AMD, More

UCIe Chiplet Interconnect Standard Announced; Backed by Intel, AMD, More

Chipmakers and cloud service providers have come together to create a new Universal Chiplet Interconnect Express (UCIe) standard for better chiplet interoperability. Designed to allow manufacturers to use different ‘chiplet’ components when building SoCs, the initiative is supported by industry leaders such as TSMC, Intel, Qualcomm, Arm, AMD, Microsoft, Meta, and Google. The UCIe standard … Read more

Nvidia Preparing to Walk Away From Arm Acquisition: Report

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Nvidia is preparing to abandon its purchase of Arm from SoftBank Group after offering about $40 billion (roughly Rs. 2,99,130 crore) for the British company in 2020, Bloomberg News reported on Tuesday, citing people familiar with the matter. The US chipmaker has told partners that it does not expect the deal to close, while SoftBank is stepping up preparations … Read more

US Federal Trade Commission Sues to Block Nvidia-Arm Deal

nvidia reuters full 1580878240757

The US Federal Trade Commission on Thursday sued to block US chip company Nvidia’s more than $80 billion (roughly Rs. 5,99,760 crore) planned acquisition of British chip technology provider Arm, adding to already significant global regulatory challenges of the deal. The FTC said the proposed deal would give one of the largest chip companies control over computing … Read more

US Federal Trade Commission Sues to Block Nvidia-Arm Deal

nvidia reuters full 1580878240757

The US Federal Trade Commission on Thursday sued to block US chip company Nvidia’s more than $80 billion (roughly Rs. 5,99,760 crore) planned acquisition of British chip technology provider Arm, adding to already significant global regulatory challenges of the deal. The FTC said the proposed deal would give one of the largest chip companies control over computing … Read more