( SFTBY) and the SoftBank Vision Fund for $40 billion. 13, 2020, NVIDIA announced that it had agreed to acquire Arm Ltd., a U.K.-based semiconductor and software company specializing in AI, from Japan-based SoftBank Group Corp.
The financial terms of the acquisition were not disclosed. Clusters are groups of servers linked together in a single unit by high-speed networks. Companies in a range of industries such as healthcare and financial services use Bright's software to set up and run HPC clusters. 10, 2022, NVIDIA announced that it acquired Bright Computing, a software company specializing in high-performance computing (HPC) systems. authority launched an expanded investigation into the proposed merger, citing concerns that it would be anticompetitive and create national security risks (see the "What's Happening with NVIDIA's Acquisition of ARM?" Q&A section below).
NVIDIA announced plans to buy Arm 16 months ago, in September 2020.
The report countered the deal's critics and outlined why the acquisition should be approved. 10, 2022, NVIDIA and Arm submitted a 28-page report to the U.K.'s Competition and Markets Authority (CMA). The merger had come under fire due to its potential to reduce competition in the chip business. 7, 2022, NVIDIA and Softbank jointly announced they were terminating the proposed merger between Arm and NVIDIA due to regulatory opposition. On May 9, 2022, Nvidia paid $5.5 million to settle charges brought by the Securities and Exchange Commission (SEC) that it failed to inform investors about the importance of cryptocurrency mining to its revenue growth.On February 7, 2022, NVIDIA and SoftBank ended the proposed acquisition of Arm by NVIDIA after it faced opposition from antitrust regulators.NVIDIA earned $4.3 billion in net income on $16.7 billion in FY 2021, which ended Jan.NVIDIA designs and develops GPUs and software for PC graphics, video games, AI, machine learning, AR, VR, and cryptocurrency mining.
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