Nvidia Eyes Biggest-Ever Chip Deal in Pursuit of SoftBank’s Arm
- SoftBank also approached Apple to gauge its interest in Arm
- Japanese group bought U.K. chip designer for $32 billion
Photographer: Andrew Harrer/Bloomberg
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Arm Ltd., the chip designer that’s one of SoftBank Group Corp.’s most prized holdings, is attracting takeover interest from Nvidia Corp. in what could become the biggest-ever semiconductor deal, people with knowledge of the matter said.
Nvidia, the world’s largest graphics chipmaker, made an approach in recent weeks about a potential deal for Cambridge, England-based Arm, according to the people. SoftBank has been exploring options to exit part or all of its stake in the business, which it acquired for $32 billion in 2016, Bloomberg News has reported.