Nvidia acquisition of Arm officially terminated, chip-designer's CEO steps down

Nvidia officially confirmed it's terminating the ongoing ARM acquisition after being unable to clear the regulatory hurdles in the past year and a half. Following the announcement ARM's CEO stepped down and will be replaced by Rene Haas. Nvidia says it wasn't able to persuade regulators that the deal won't affect ARM's free licensing model and even offered to set up a separate entity that will hold the chip design licenses. As a result of the failed deal, SoftBank, which is the current owner of ARM, will get $1.25 billion break fee. SoftBank officially confirmed that it's now...

from GSMArena.com - Latest articles https://ift.tt/NGk2rue