Nvidia Abandons Arm Deal, Segars Steps Aside for IPO
By Nitin Dahad, EETimes (February 8, 2022)
Regulators prevailed, hobbling Nvidia’s proposed acquisition of Arm Ltd.
Citing “significant regulatory challenges,” Nvidia announced this week it is abandoning the Arm acquisition unveiled to much fanfare in September 2020. In response, Arm named Rene Haas as its new CEO, replacing Simon Segars as the chip IP vendor prepares for an initial public offering.
Haas will oversee Arm’s IPO. Segars will “support the leadership transition in an advisory role for Arm”.
The initial $40 billion deal was fraught from the beginning, with critics and, eventually, European and U.S. regulators raising objections about the transaction’s adverse impact on Arm’s licensees. Nvidia argued unsuccessfully to assuage those concerns.
SoftBank Group acquired Cambridge-based Arm in 2016 for $32 billion, but moved to cash-out fours years later. After talking to several suitors, Nvidia emerged as a buyer, its data center prowess seemingly a perfect match. Based on Nvidia’s share price, the value of the proposed deal eventually rose to $66 billion.
![]() |
E-mail This Article | ![]() |
![]() |
Printer-Friendly Page |
|
Arm Ltd Hot IP
Related News
- Report: Nvidia prepares to abandon Arm deal
- Arm Predicts Stagnation if Nvidia Deal Fails
- ARM Nvidia deal goes to full investigation in the UK
- Opinion: Nvidia's bad deal is not yet done
- Insyde Software Becomes the First Independent BIOS Vendor to Achieve Arm SystemReady SR-SIE Certification for the NVIDIA GH200 Grace Hopper Superchip Platform
Breaking News
- JEDEC® and Industry Leaders Collaborate to Release JESD270-4 HBM4 Standard: Advancing Bandwidth, Efficiency, and Capacity for AI and HPC
- BrainChip Gives the Edge to Search and Rescue Operations
- ASML targeted in latest round of US tariffs
- Andes Technology Celebrates 20 Years with New Logo and Headquarters Expansion
- Creonic Unveils Bold Rebrand to Drive Innovation in Communication Technologies
Most Popular
- Cadence to Acquire Arm Artisan Foundation IP Business
- AMD Achieves First TSMC N2 Product Silicon Milestone
- Why Do Hyperscalers Design Their Own CPUs?
- Siemens to accelerate customer time to market with advanced silicon IP through new Alphawave Semi partnership
- New TSN-MACsec IP core for secure data transmission in 5G/6G communication networks