Company News 

Seven Days: 18 September 2020

Seven Days: 18 September 2020

Nvidia buys Arm 

$40bn deal

Nvidia (US:NVDA) has agreed to buy UK chipmaker Arm Holdings from Japan’s Softbank (TYO:9984) for up to $40bn (£31bn). The American company has promised to keep Arm’s headquarters in Cambridge, as concerns mount that the new ownership could further expose the UK to US-China tensions. Nvidia said that it will issue $1.5bn in equity to Arm employees, and keep Arm’s intellectual property registered in the UK. The purchase does not include Arm’s ‘Internet of Things’ services group. 

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now