Nvidia officially backing out of $66 billion acquisition of Arm

the latest tech news, global tech news daily, tech news today, startups, usa tech, asia tech, china tech, eu tech, global tech, in-depth electronics reviews, 24h tech news, 24h tech news, top mobile apps, tech news daily, gaming hardware, big tech news, useful technology tips, expert interviews, reporting on the business of technology, venture capital funding, programing language

buying Arm, Financial Times,

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content.

the latest tech news, global tech news daily, tech news today, startups, usa tech, asia tech, china tech, eu tech, global tech, in-depth electronics reviews, 24h tech news, 24h tech news, top mobile apps, tech news daily, gaming hardware, big tech news, useful technology tips, expert interviews, reporting on the business of technology, venture capital funding, programing language

Graphics chipmaker Nvidia has terminated its purchase of Softbank’s Arm due to concerns raised from regulators and Arm’s current customer base.

In late 2020, Nvidia announced it would be buying Arm from SoftBank for nearly $40 billion in a cash and stock-based purchase. Nvidia’s shares have since increased in value, making the deal worth roughly $66 billion today.

Global Tech News Daily

However, by January 2022 that Nvidia was already considering backing out of the deal.

Nvidia likely backed out of the deal, facing increased pressure from regulators. UK politicians began to investigate the takeover in November 2021, citing national security concerns.

Global Tech News Daily

In the United States, the Federal Trade Commission sued to block the deal in December 2021 over concerns it would stifle innovation and harm competition in the chip market.

Now, according to Financial Times, the deal is officially over. According to sources familiar with the matter, Softbank is seeking to unload Arm through an initial public offering before the end of 2022.

Sources claim that SoftBank prefers the idea of listing Arm in New York and will seek to resist nationalistic pressure.

News Related

OTHER NEWS

Apple Music cuts free trial period from three months to one month

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. New ... Read more »

Belkin reveals new 12-port Connect Pro Thunderbolt 4 Dock

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. The ... Read more »

Deals: get 1 year of Microsoft 365 Personal or a Luminar AI photo editing software bundle for Mac for $39

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. Software ... Read more »

Apple TV+ announces 'Slow Horses' spy drama to stream in April

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. Apple ... Read more »

Apple, Broadcom win new damages trial in $1.1B Caltech patent case

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. A ... Read more »

Creative TiKTok user converts an iBook G3 into iPad case

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. By ... Read more »

Michigan toddler dials 911 on Apple Watch

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. A ... Read more »

Best deals Feb. 4: $70 off Powerbeats Pro, $220 27-inch 2K monitor, $40 400GB microSD card, more!

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. Friday’s ... Read more »

iMac Pro, AirPods Pro 2, and hands-on with Universal Control on the AppleInsider podcast

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. On ... Read more »

Kryptoryhmä pisti miljoonia kirjaan kovin odotuksin – joutuivat pian naurunalaisiksi

© Billion Photos Kirjaa ostamalla ei saa tekijänoikeuksia kansien välissä kerrottuun tarinaan. Kuvituskuva. Ryhmä Dyyni-faneja osti tieteisromaanin harvinaisen keräilykappaleen suurin odotuksin. Ennen 2,66 miljoonan euron ostosta heidän olisi kannattanut perehtyä ... Read more »

MacBook Pro, Pro Display XDR will automatically dim when hot

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. Apple ... Read more »

Second class action suit targets Powerbeats Pro battery life, charging issues

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. A ... Read more »

Amazon Prime raising annual subscription to $139

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. The ... Read more »

Rishi Sunak ‘takes swipe' at Boris Johnson

© Getty Images Rishi Sunak Getty Images The chancellor distanced himself from PM over false Starmer accusation Rishi Sunak has increased speculation that he is planning a leadership challenge against ... Read more »

Apple cuts commission by 3% for Dutch apps using third-party payments

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. Following ... Read more »

Microsoft CEO compares metaverse to games

© Provided by Dot Esports Microsoft CEO Satya Nadella recently went on the record with the Financial Times‘ Richard Waters to discuss the company’s acquisition of Activision Blizzard, early metaverse ... Read more »

Victrola Revolution Go review: a portable record player perfect for budding music enthusiasts

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. Take ... Read more »

UK woman orders iPhone 13 Pro Max, gets a $1 bottle of hand soap instead

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. A ... Read more »

Microsoft tracking increasingly sophisticated Mac trojan that delivers adware

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. Microsoft’s ... Read more »

Apple releases trailer for 'Lincoln's Dilemma,' coming to Apple TV+ on Feb. 18

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. Apple ... Read more »

Glenn Close joins the cast for season 2 of 'Tehran' on Apple TV+, premiering May 6

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. Apple ... Read more »

Lowest price ever: Apple 24-inch iMac dips to $1,149 for a limited time only

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. The ... Read more »

AirTags with disabled anti-stalking speakers briefly surface on eBay, Etsy

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. Apple ... Read more »

Apple's December quarter was its best yet for iPhone sales in India

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. Apple’s ... Read more »

iPad delivery estimates remained extended as Apple prioritizes iPhone 13

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. New ... Read more »

Senate Judiciary advances bill that would force Apple to allow iOS side-loading

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. The ... Read more »

Putting Face ID unlock with masks to the test in iOS 15.4 & how to set it up

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. In ... Read more »

Best deals Feb. 3: AirPods Pro w/ MagSafe $180, $550 off 55-inch LG OLED, 30% off an Eero router, more!

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. Thursday’s ... Read more »

Apple TV+ picks up four Bafta film nominations

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. The ... Read more »

Judge dismisses proposed iPhone water resistance class action suit

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. A ... Read more »

Second Israeli firm developed & sold exploit to break into iPhones remotely

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. A ... Read more »

Apple opens 'reimagined' new Abu Dhabi retail store

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. Apple ... Read more »

South Korea says Apple's alternative payment plan 'lacks detail'

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. South ... Read more »

Banker awarded 2 million pounds in her case for equal pay

Stackey Macken said big corporates must realise that it is not acceptable to pay men more than women for equal jobs anymore. (Image tweeted by @MackenStacey) A banker in the ... Read more »

Battle of the super yachts: Jeff Bezos' Y721 versus Steve Jobs' 'Venus'

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. The ... Read more »

Apple urges lawmakers to reject bill that would force it to allow side-loading

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. Apple ... Read more »

Facebook rebuilding ad platform due to App Tracking Transparency, data laws

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. Meta ... Read more »

Apple's board recommends voting against all shareholder proposals

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. Unsurprisingly, ... Read more »

How AppleInsider staff continue to work from home, two years later

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. All ... Read more »

Apple Watch Series 7 has a fast charging problem

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. One ... Read more »