UK tech giant Arm Holdings to be sold to US company Nvidia in $40bn deal

Cambridge-based industry dominates world smartphone marketplace however deal must be authorized by way of UK regulators

One in all Britain’s maximum a success tech firms, Arm Holdings, is being offered by way of its Jap homeowners for $40bn in a deal that would reshape the semiconductor panorama.

Nvidia, a US corporate, can pay SoftBank $21.5bn in stocks and $12bn in money for the chip fashion designer despite the fact that the deal continues to be topic to regulatory approval in the United Kingdom.

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