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SoftBank

SoftBank reaches $40bn deal to sell Arm to US chipmaker Nvidia

Japanese group will keep minority stake in new owner of UK chip designer

SoftBank Group CEO Masayoshi Son: "Joining forces with a world leader in technology innovation creates new and exciting opportunities for Arm."   © Reuters

TOKYO/TAIPEI -- SoftBank Group has agreed to sell U.K. chip designer Arm Limited to U.S. chipmaker Nvidia in a cash and stock deal worth up to $40 billion.

The sale of Arm, which SoftBank bought in 2016 for $31 billion, is the latest in a string of major asset sales by the Japanese conglomerate. Announcing the deal on Monday, SoftBank said the combination of Arm and Nvidia will create a computing company "that will lead the era" of artificial intelligence.

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