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September 6, 2016 02:00 am
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/QnDRxtZV3Do/softbank-completes-31-billion-acquisition-of-arm
SoftBank Completes $31 Billion Acquisition of ARM
Roughly two months later, SoftBank announced today that it has completed its $31 billion acquisition of British chip designer ARM Holdings. The Verge reports: "SoftBank's purchase of ARM is the latest in a line of acquisitions in recent years for the Japanese company, including the $20 billion Sprint acquisition, and a $15 billion investment in Vodafone's Japanese division. ARM is well known for designing chips and licensing them to companies like Apple and Samsung, and ARM-designed chips dominate mobile computing in phones and tablets. 15 billion ARM-designed chips shipped last year alone, and around half of those were in mobile devices. SoftBank is expected to use the ARM deal to bolster its Internet of Things plans."Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/QnDRxtZV3Do/softbank-completes-31-billion-acquisition-of-arm
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