Through the acquisition of this SoftBank wholly owned company, NVIDIA is committed to build on Arm’s R&D presence in the U.K., establishing a new global center of excellence in AI research at Arm’s Cambridge campus.
NVIDIA further stated that it will invest in an Arm-powered AI supercomputer, training facilities for developers and a startup incubator, which is expected to attract research talent and create a platform for innovation and industry partnerships in fields such as healthcare, robotics and self-driving cars.
“AI is the most powerful technology force of our time and has launched a new wave of computing. In the years ahead, trillions of computers running AI will create a new internet-of-things that is thousands of times larger than today’s internet-of-people. Our combination will create a company fabulously positioned for the age of AI,” said Jensen Huang, founder and CEO of NVIDIA.
Once the acquisition transaction is closed, NVIDIA intends to retain the name and brand identity of Arm, as well as expand its headquarters in Cambridge. As announced, Arm’s intellectual property will remain registered in the U.K. However, SoftBank will remain connected to Arm’s operations through its ownership stake in NVIDIA, expected to be under 10 percent.
“NVIDIA is the perfect partner for Arm. Since acquiring Arm, we have honored our commitments and invested heavily in people, technology and R&D, thereby expanding the business into new areas with high growth potential. Joining forces with a world leader in technology innovation creates new and exciting opportunities for Arm,” said Masayoshi Son, chairman and CEO of SoftBank Group.
This transaction is expected to be completed in about 18 months as it has been approved by the boards of directors of NVIDIA, SoftBank Group and Arm.