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CLAIM ID

3abe0314

NVIDIA has completed the $40 Billion acquisition of ARM Holding.

SoftBank and NVIDIA agreed on acquiring ARM for approximately $40B to build a new AI World accessible to all.

SoftBank and NVIDIA agreed on acquiring ARM for approximately $40B to build a new AI World accessible to all.ARM is a UK based chip designer with its office at Cambridge. California based NVIDIA has taken over Arm Limited in a deal agreed with Softbank valued at $40 billion. The transaction has been approved by the boards of directors of NVIDIA, SBG, and ARM.

The proposed transaction is subject to necessary approvals, and the completion of the transaction is expected to take place in approximately 18 months. Jensen Huang, founder and CEO of NVIDIA, said that the deal combination would create a company fabulously positioned for the age of AI. However, the deal is subject to scrutiny by the UK government, and there is a chance of regulators blocking the deal.

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