Nvidia calls Arm 'most important CPU architecture of the next decade' as it officially ends buyout bid
Nvidia is no longer buying Arm from SoftBank, following stiff regulation from across the globe. The GPU giant released a statement officially terminating its acquisition attempt, which would have made records in tech at even the conservative $40B outlay. Nvidia will, however, remain a 20-year licensee of what it's CEO has described as the «most important CPU architecture of the next decade.»
“Arm has a bright future, and we’ll continue to support them as a proud licensee for decades to come,” Jensen Huang, CEO of Nvidia, says. “Arm is at the center of the important dynamics in computing. Though we won’t be one company, we will partner closely with Arm. The significant investments that Masa has made have positioned Arm to expand the reach of the Arm CPU beyond client computing to supercomputing, cloud, AI and robotics."
Arm will instead be listed as a publicly traded company, the company has confirmed. That's back to Plan A, then, as an IPO was reportedly the first option considered by Arm's owners, Softbank. This IPO may be in the US, which may not be to everyone's tastes.
Arm has also appointed a new CEO, who will take over from Simon Segars. Rene Haas (assumedly no relation to Gene Haas, the Nascar and F1 team owner) will take over following a half decade at the helm of the Arm IP Products Group. Before joining Arm in 2013, Haas also spent seven years as VP and GM of computing products at, you guessed it, Nvidia.
Small world, at least for top tech talent.
Haas says Arm is «uniquely positioned» to focus on AI, cloud, IoT, automotive, and—oh no another token mention of—the metaverse.
Arm's owner Softbank also gets to walk away from the deal with $1.25B in Nvidia's cash, which was prepaid as the two companies acquisition
Read more on pcgamer.com
