Home > News > Industry News > Softbank will spend $23.4 billion acquisition of the ARM
News
Daily News
Industry News
Company news
Certifications
Latest News

Gifts of love in ancient China

Jade pendants The ancient Chinese usually gave their lovers something small so that they could easily take it everywhere. A jade pendant is a good cho...

what is mild steel

Mild steel is a type of carbon steel with a low amount of carbon – it is actually also known as “low carbon steel.” Although ranges vary depending ...

10 Differences between a Businessman and Entrepreneur

10 Differences between a Businessman and Entrepreneur Business people and entrepreneurs have many similarities.However, they are not the same kind of ...

What is ALOCROM 1200 surface treatment

What is ALOCROM 1200surface treatment Alocrom 1200 is a rapidnon-electrolytic dip process which gives excellent protection against corrosionto both pa...

What is Kydex material

What is Kydexmaterial Kydex is a line of thermoplasticacrylic-polyvinyl chloride materials manufactured by Sekisui SPI. It has a widevariety of applic...

What is Over mold?

Overmolding is also called 2 times injection molding in China. Compared with the third-party material bonding, overmolding process makes the process f...

What is Alodine 5200 surface treatment

What is Alodine 5200surface treatment Alodine 5200 treatment is a chromiumfree product and specifically formulated for treating aluminium and its allo...

What is Black Oxide?

Black Oxide, blackening, oxidizing, oxiding, black passivating, gun bluing . . . these terms all refer to the process of forming a black iron oxide on...

How and When to Add Bend Reliefs to Sheet Metal Parts

What is a Bend Relief? A bend relief is nothing more than two small incisions cut into a piece of sheet metal to free the metal between the two. It se...

Privacy Policy

We will not collect and store your information in any form.
Contact Us
Vice General Manager: Ivy
Tel:86-13312953695
Tel:86-755-82737317/82737469
Fax:86-755-82737710
E-mail: sales910@xy-global.com, sales.china@xy-global.com
Postal Code: 518129
Off Add: Room1702,17F,Building#4,Tianan Cloud Park,No.2018 Xuegang Rd.,Longgang District,Shenzhen.
Factory Add:Daling Industrial Area,Shaling,Fenggang Town,Dongguan City Contact Now

Softbank will spend $23.4 billion acquisition of the ARM

Softbank will spend $23.4 billion acquisition of the ARM

July www.diecastingpartsupplier.com 2016-07-19 12:03:46

Japan’s SoftBank has agreed to acquire Arm Holdings, the UK’s preeminent technology company, for £23.4bn in an enormous bet by the Japanese telecoms group that the smartphone chip designer will make it a leader in one of the next big tech markets, the internet of things.

The deal is expected to be announced first thing Monday morning, according to two people familiar with the negotiations. SoftBank and Arm could not immediately be reached for comment.

The takeover of Cambridge-based Arm, which was founded a quarter of a century ago and now employs 4,000 people, would be the largest acquisition of a European technology business. SoftBank will pay £17 in cash for each share in Arm, a 43 per cent premium to its closing price last week.

The deal comes just weeks after UK elected to exit the EU, a decision that raised questions over the attractiveness of the country’s business community. But Arm, as a global force in chip design, is better insulated from the vote for Brexit than many other UK companies with its leadership role in a key segment of the chip industry and the fact that it earns in US dollars.

The fall in sterling following the Brexit vote has left the UK currency nearly 30 per cent lower against the Japanese yen over the past year, making Arm an attractive target. Shares in Arm were essentially flat over the last 12 months.

Arm has often been talked about as a potential acquisition target for Intel, the world’s largest chipmaker, which failed to capitalise on the smartphone boom. Intel’s chip architecture, known as x86, was developed for PCs and has been ill-suited to battery-powered devices for which efficient power consumption is key.

Arm’s business model has relied on licensing its technology to other hardware makers, making it a near-ubiquitous feature of mobile devices. It reaps a small royalty amount for each device, relying on very large volumes. Last year, 15m chips based on its technology were shipped.


BestChat