There were rumors that Nvidia would acquire UK chip designer ARM Limited. And Nvidia has announced it will acquire the company for $40 billion. This acquisition is in the regulatory approval phase, and SoftBank Group bought ARM for $32 billion in 2016.
ARM is a well-known company at designing chips for smartphones, tablets, handheld games consoles, and more. Its processors give power to devices of giant companies such as Apple and Nintendo Switch. “The acquisition will strengthen Nvidia’s sudden share price dominance over Intel,” Paul said in July.
As we understand from the announcement of Nvidia, ARM’s Cambridge headquarters will expand with a new AI-focused R&D center. The acquisition is well-motivated by AI development, and the proposed AI research facility will probably support developments in life sciences, robotics, healthcare, self-driving cars and, more fields. In a speech, Nvidia CEO Jensen Huang said “in the years ahead, trillions of computers running AI will create a new internet-of-things that is thousands of times larger than today’s internet-of-people. Our combination will create a company fabulously positioned for the age of AI.”