Nvidia Acquires Arm for $40 Billion

Nvidia will acquire Arm from SoftBank for $40 billion, the companies announced Sunday. "Arm will remain headquartered in Cambridge," Jensen Huang, founder and CEO of Nvidia, said in a statement. "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 UK 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."