AI is the most powerful technology force of our time. In the future, trillions of computers running AI will create a new internet-of-things all over the world – from smart retail, to manufacturing and service robots, to self-driving cars and smart cities – reinventing computing as we know it.
NVIDIA and SoftBank Group Corp announced in September last year a definitive agreement under which NVIDIA will acquire Arm Limited from SBG and the SoftBank Vision Fund (together, “SoftBank”) in a transaction valued at $40 billion, NVIDIA said in a press release.
The combination brings together NVIDIA’s leading AI computing platform with Arm’s vast ecosystem to create the premier computing company for the age of artificial intelligence, accelerating innovation while expanding into large, high-growth markets. 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 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.
“Simon Segars and his team at Arm have built an extraordinary company that is contributing to nearly every technology market in the world. Uniting NVIDIA’s AI computing capabilities with the vast ecosystem of Arm’s CPU, we can advance computing from the cloud, smartphones, PCs, self-driving cars and robotics, to edge IoT, and expand AI computing to every corner of the globe.
“This combination has tremendous benefits for both companies, our customers, and the industry. For Arm’s ecosystem, the combination will turbocharge Arm’s R&D capacity and expand its IP portfolio with NVIDIA’s world-leading GPU and AI technology.
“Arm will remain headquartered in Cambridge. We will expand on this great site and build a world-class AI research facility, supporting developments in healthcare, life sciences, robotics, self-driving cars and other fields. And, to attract researchers and scientists from the U.K. and around the world to conduct groundbreaking work, NVIDIA will build a state-of-the-art AI supercomputer, powered by Arm CPUs. Arm Cambridge will be a world-class technology center.”
The Verge reported last month (August, 2021) that NVIDIA CEO Jensen Huang has admitted for the first time that the company’s planned acquisition of Arm may take longer than the initially-scheduled 18 months. The acquisition, which would bring together two of the most powerful chip companies in the world, is facing scrutiny from regulators in the US, UK, and China.
“Our discussions with regulators are taking longer than initially thought, so it’s pushing out the timetable,” Huang told The Financial Times. “It’s not one particular delay,” he added. “But we’re confident in the deal, we’re confident regulators should recognize the benefits of the acquisition.”