Arm’s sale to Nvidia collapses

The sale of UK semiconductor giant Arm to Nvidia has collapsed.

Japanese conglomerate SoftBank, Arm’s current owner, said the deal had been officially ended due to "significant regulatory challenges".

Arm, based in Cambridge, has around 6,500 staff worldwide, and designs processors which are widely used in consumer electronic devices such as smartphones, tablets, and desktops including some Apple devices.

SoftBank first agreed to sell Arm to the US chip maker in September 2020, but the deal has been beset by regulatory scrutiny since then.

In August, the Competition and Markets Authority (CMA) recommended an in-depth probe into Nvidia’s takeover of Arm.

The competition watchdog said that the merged business would have a “significant degree of control over key technologies for a range of sectors,” including artificial intelligence.

SoftBank said that Arm would now list publicly before the end of its financial year ending 31 March 2023.

SoftBank is set to keep the $1.25 billion deposit Nvidia initially paid it for the acquisition, which is set to "be recognised as profit" in its quarter ending March.

Arm has also separately appointed Rene Haas as its chief executive officer.

    Share Story:

Recent Stories


The future-ready CFO: Driving strategic growth and innovation
This National Technology News webinar sponsored by Sage will explore how CFOs can leverage their unique blend of financial acumen, technological savvy, and strategic mindset to foster cross-functional collaboration and shape overall company direction. Attendees will gain insights into breaking down operational silos, aligning goals across departments like IT, operations, HR, and marketing, and utilising technology to enable real-time data sharing and visibility.

The corporate roadmap to payment excellence: Keeping pace with emerging trends to maximise growth opportunities
In today's rapidly evolving finance and accounting landscape, one of the biggest challenges organisations face is attracting and retaining top talent. As automation and AI revolutionise the profession, finance teams require new skillsets centred on analysis, collaboration, and strategic thinking to drive sustainable competitive advantage.