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Japan’s SoftBank To Acquire UK’s ARM

by Habeeb Onawole 330 views2

SoftBank is a Japanese multinational telecommunications and internet corporation with interests in several companies including US carrier, Sprint. As of 2015, the company was the 62nd largest company in the world. That position will be changing as they plan to acquire British company, ARM Holdings, whose primary business is the design of ARM processors.

These processors or their designs are found in a ton of devices ranging from smartphones, tablets, laptops, smartwatches, and cars’ ABS.

softbank ARM

The acquisition is supposed to be in the tune of $32bn. The announcement raised the company’s shares by 45% at the London Stock Exchange adding $10bn to ARM’s market value.

ARM whose headquarters is in Cambridge is the 3rd chip maker in the city to be acquired. Last year, Qualcomm bought chipmaker CSR, and before that, HP also acquired Autonomy.

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Some folks have said the acquisition is as a result of the recent weakness of the Pounds Sterling but SoftBank says the deal was already being planned before the Brexit vote.

 

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  • bro-reac

    All a geek wants is competition in the market.

    • Wolvie

      And japan is not really a competitive player in the market.
      They always sell expensive !

      I hope the japan owner only do the investment and let the current mediatek employees doing their job.