
The deal to buy Arm by NVIDIA is off
The leading graphics processor company NVIDIA and the Japanese telecommunications holding SoftBank Group Corp. have reached an agreement to end the deal to acquire the British microprocessor company Arm Ltd. that was reached in September 2020. Negative or at least concerned opinions expressed repeatedly over time by the USA, UK, and EU antitrust authorities resulted in NVIDIA’s inability to proceed with the acquisition. Arm CEO Simon Segars resigned and was replaced by Rene Haas, who was already the company’s president. The new plan consists of an IPO for Arm, perhaps at the London stock exchange.