Back in September 2020, Nvidia confirmed that it will be acquiring ARM from Softbank. Since then, the acquisition has faced stiff opposition from both the US and the UK. It looks like the hurdles that have been set before the purchase is too much trouble to go through, as there are reports of Nvidia giving up on the acquisition.
The Financial Times reports that Nvidia will end up paying US$1.25 billion (~RM5.23 billion) to SoftBank for failing to complete the deal. As collateral damage, ARM CEO Simon Segars will also possibly lose his position in the company, with Rene Haas taking over.
For now, none of the companies involved have confirmed or denied the report. But with it being nearly 18 months since the announcement of the acquisition, a conclusion is to be expected soon, whether in favour or against the acquisition.
There’s no shortage of the latter though. In addition to regulative roadblocks being in the way, other tech companies have also voiced opposition to the acquisition deal. According to The New York Times, these include the likes of Microsoft and Qualcomm. The latter, incidentally, has voiced its interest in investing in ARM should the deal fail. Though Nvidia previously stated that an IPO won’t be enough to support ARM’s growth.