Nvidia Buys Arm For $40 Billion, Will Create A Super-Computer
After announcing its next series of graphics cards, Nvidia has made another bombshell announcement. The company is buying the British semiconductor company Arm for $40 million. Nvidia acquired Arm from SoftBank, which paid $31 billion for it back in 2016.
In a statement, Nvidia said buying Arm will help the company become the “premier computing company for the age of artificial intelligence, accelerating innovation while expanding into large, high-growth markets.”