Softbank Reportedly Buys CPU Maker ARM For $32 Billion

Posted: Jul 18 2016, 12:47am CDT | by , in News | Latest Business News


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Softbank Reportedly Buys CPU Maker ARM for $32 Billion
Credit: ARM Holdings

The Japanese investment company Softbank, owner of the US carrier Sprint is reportedly acquiring ARM Holdings.

UK based ARM Holdings is reportedly getting picked up by Japanese Softbank in biggest tech deal in Europe. According to sources of the BBC, Softbank offers £24bn ($32bn) for ARM Holdings.

ARM (LSE: ARM, NASDAQ: ARMH) is famous for its mobile CPUs that power endless numbers of smartphones. ARM succeeded where Intel failed. The ARM CPU architecture is also used by Apple in the iPhone.

The ARM "Brexit" will be a political topic in Great Britain. Softbank is though proactively trying to keep the government pleased, promising to double the workforce at ARM Holdings over the next 5 years according to BBC. ARM, founded in 1990, has about 3,000 employees today.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
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