News & Reviews:   SoftBank

Artificial Intelligence (AI) has been a big buzzword in 2023. Many companies are finding ways to take advantage of it, while AI companies are looking to improve on existing platforms. But what if we told you OpenAI wants to build the "iPhone of AI"?

In September 2020, Nvidia had announced its plan to acquire Arm from SoftBank for about 40 billion USD (~RM164 billion). However, Qualcomm has jumped out of the middle of nowhere recently and offered to invest in the semiconductor company rather than purchase it outright, in the event Arm rejects the deal offered by Nvidia.

For quite some time, there have been talks that Nvidia was looking to acquire Arm from SoftBank. That has been confirmed recently and it looks like the companies have come to an agreement. Sources say that all three companies have approved of a deal, with the entire turnover process expected to take around 18 months.

Sometimes, a company decides to cut off what it may deem unwanted excess to focus on more important things. That's what ARM is planning to do as it looks to offload its Internet of Things (IoT) divisions to SoftBank. This is so that the company can concentrate on what it's most famous for - designing chips for mobile devices and computers.

Softbank, one of the world’s largest telecommunication conglomerate, just announced that they will agree to invest in ARM for USD 32 billion (~RM 127 billion). Just as a recap, ARM is the company that creates the basic chip building blocks for just about every mobile chipmaker out there.