Post by : Bianca Haleem
NVIDIA Corp. has sold its remaining shares in Arm Holdings Plc, marking the end of a five-year-long chapter for both companies. The tech giant sold 1.1 million shares, valued at approximately $140 million, according to a regulatory filing. After this sale, NVIDIA no longer holds any stake in Arm.
The move concludes a complicated saga that began in 2020, when NVIDIA agreed to acquire Arm for $40 billion. The deal, expected to be the largest in chip industry history, faced immediate opposition from regulators and Arm’s customers, as Arm’s technology is a backbone for advanced semiconductors globally. Maintaining Arm’s independence was considered crucial, and eventually, the acquisition was called off in February 2022.
Arm, mostly owned by SoftBank Group Corp., later proceeded with plans to go public. NVIDIA has not commented on the sale, and Arm has yet to respond.
NVIDIA continues to hold stakes in other major technology companies, including Intel Corp., Nokia Oyj, CoreWeave Inc., and Synopsys Inc. The company has emphasized its focus on accelerating the adoption of artificial intelligence computing using its resources.
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