SoftBank sells chip designer Arm to Nvidia in $40 bln deal

TOKYO/SAN FRANCISCO: SoftBank Group Corp. said on Monday it has agreed to sell chip designer Arm to Nvidia Corp. for as much as $40 billion in a deal set to reshape the semiconductor landscape.
The deal puts a vital supplier to Apple Inc. and others across the industry under the control of a single player and will face potential pushback from regulators and Nvidia rivals.