Japan's SoftBank to Buy UK's ARM for $32 Billion
SoftBank today announced plans to buy ARM Holdings for $32 billion. SoftBank runs one of Japan's largest wireless networks and is the parent company of Sprint in the U.S., while ARM designs and licenses the Cortex-branded mobile processors often found in today's smartphones and tablets. SoftBank's board of directors has fully approved the acquisition, which will be made in all cash. ARM's board and shareholders have yet to approve the deal. SoftBank believes its existing business relationships around the world will expand ARM's ability to license its technology in new markets. SoftBank said it will help ARM to continue to innovate in order to push into new categories, such as the Internet of Things, by increasing investment in ARM's research and development. The company believes SoftBank and ARM share a common culture and long-term vision, and can together create a strong combined entity moving forward. SoftBank said it is committed to ARM's U.K. operations, where it will double the number of employees over the next five years. "ARM will be an excellent strategic fit within the SoftBank group as we invest to capture the very significant opportunities provided by the Internet of Things," said SoftBank CEO Masayoshi Son. The deal is expected to close by the end of the third quarter.
May 31, 2018
ARM today announced a new series of processors cores for mobile devices that it says will increase performance without impacting battery life. The new Cortex A76 processor core is built using a 7nm process that ARM says delivers a 35% boost in speed and a 40% improvement in efficiency when compared to its previous 10nm core.
May 26, 2020
Arm today announced a suite of new processing core intellectual property intended for the chips that will power high-end phones starting in 2021. The new designs are for the new, cutting-edge 5nm manufacturing process that is just becoming available for the most high-end chips.
Jan 15, 2018
SoftBank Group, the parent company of Sprint, is weighing whether or not to offer shares in its own Japan-based wireless company. Under the direction of CEO Masayoshi Sun, SoftBank has transformed itself in recent years into an investor in technology companies.
May 22, 2019
ARM has stopped doing business with Huawei, potentially ending Huawei's mobile chip business. Essentially all current processors for mobile phones are based on ARM technology and intellectual property.
Feb 13, 2018
Arm today announced Project Trillium, a suite of products meant to bring machine learning to mobile devices. While Project Trillium will first target smartphones, Arm says it will eventually scale to both less and more powerful devices as needed.