Nvidia CEO: We gave Arm deal our best shot
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Nvidia CEO Jensen Huang said in a conference call with analysts that regulators would not budge in their opposition to Nvidia’s proposed $80 billion acquisition of Arm.
“We gave it our best shot, but the headwinds were too strong and we could not get regulators to approve our deal,” Huang said.
As a result, the company terminated its efforts to buy Arm. Arm’s CEO Simon Segars resigned and SoftBank said Arm would attempt an initial public offering instead in the coming year.
Huang made the comments in a conference call with analysts after the earnings for the fourth quarter ended January 30 were announced.
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Nvidia made its proposal to acquire Arm in September 2020 as it planned to move into high-performance computing central processing units (CPUs) and expand into new markets. But Huang said the company’s focus in the future will be on accelerated computing, and it is on track to deliver its first major Arm-based CPU in the first half of 2023.
He said Nvidia has a 20-year architectural license with Arm that gives the company design options. Huang said there are multiple Arm design projects in the works at Nvidia like connected products, industrial automation, robotics, and more.
“We will deliver on our three-chip strategy” of graphics processing units, data processing units, and CPUs, Huang said.
He said there were growth drivers in other businesses, including hyperscale datacenters.
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