US EditionSoftBank to acquire chip designer Ampere in $6.5 billion deal
- SoftBank is acquiring Ampere Computing for $6.5 billion in cash, as stated in a company announcement.
- Ampere will retain its name and headquarters in Santa Clara, California, and operate as a subsidiary, according to SoftBank's statement.
- The Ministry of Electronics and Information Technology of India announced the Chips to Start-up Programme to boost semiconductor design among 300+ organizations, including 250 academic institutions, aimed at fostering innovation in chip design.
- The deal is expected to close in the second half of the year, as reported by SoftBank's statement.
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Softbank to buy Ampere Computing for $6.5 billion
The NewsJapanese investment group Softbank said Wednesday that it had agreed to buy US chip startup Ampere Computing for $6.5 billion, deepening its push into artificial intelligence infrastructure.Ampere makes processors for data centers based on a design by Arm, a British chipmaker that Softbank acquired in 2016.“The future of Artificial Super Intelligence requires breakthrough computing power,” Softbank CEO Masayoshi Son said. “Ampere’s exper…
·New York, United States
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