It Looks Like Nvidia Is Abandoning Its $40 Billion Purchase Of British Chip Designer Arm

Update: Current owner SoftBank may now move to an IPO.

Update : Bloomberg is reporting that Nvidia is about to abandon its proposed $40 billion purchase of British chip designer Arm from SoftBank. The move was revealed in September of 2020.

Nvidia – which makes the chips which power the Switch, Switch Lite and Switch OLED – has apparently told partners that it does not expect the deal to reach its conclusion. Meanwhile, SoftBank is preparing for an initial public offering (IPO) of Arm.

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