Santa Clara, Calif. and Cambridge, UK, Sept. 14, 2020: NVIDIA has confirmed: it and SoftBank Group Corp. today announced a definitive agreement under which NVIDIA will acquire Arm Limited from SBG and the SoftBank Vision Fund in a transaction valued at US $40 billion.
The combination brings together NVIDIA’s leading AI computing platform with Arm’s vast ecosystem to create a premier computing company for the age of artificial intelligence (AI), accelerating innovation while expanding into large, high-growth markets, said NVIDIA in a press release. SoftBank will remain committed to Arm’s long-term success through its ownership stake in NVIDIA, expected to be under 10 percent.
“AI is the most powerful technology force of our time and has launched a new wave of computing,” said Jensen Huang, founder and CEO of NVIDIA in a press release. “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.
Arm will remain headquartered in Cambridge. To attract researchers and scientists from around the world, NVIDIA will build a state-of-the-art AI supercomputer, powered by Arm CPUs.
NVIDIA will build on Arm’s R&D presence in the U.K., establishing a new global center of excellence in AI research at Arm’s Cambridge campus. NVIDIA will invest in a state-of-the-art, Arm-powered AI supercomputer, training facilities for developers and a startup incubator, which will attract world-class research talent and create a platform for innovation and industry partnerships in fields such as healthcare, robotics and self-driving cars.