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ARM acquisition has SoftBank aiming for server-chip glory

TAIPEI Japanese internet group SoftBank's takeover of British chip designer ARM Holdings -- a deal valued at $32 billion at the time of the announcement -- could help the Cambridge-based company expand quickly into the data center server market, which is currently dominated by Intel, the world's biggest semiconductor company.

The overall data center business, valued at $110 billion in 2016, will grow steadily at around 5% to 10% in the next five years, according to research company IDC. It provides essential infrastructure for the development of next-generation technologies, including cloud services and artificial intelligence.

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