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NVIDIA Acquisition of Arm Collapses, UK Company to Seek IPO

NVIDIA's long-awaited acquisition of Arm Ltd. is collapsing, confirm Financial Times and Reuters. According to the latest information, the deal is not happening, and the previously agreed terms are no longer valid. As we now know, NVIDIA will have to pay Softbank (Arm's owner) a break-up fee of $1.25 billion, which was the deal that the two settled on if the acquisition fails. NVIDIA has originally planned to purchase Arm for $40 billion. However, the regulators from UK and EU have been blocking the deal from happening on the terms that it would hurt competition and block innovation.

What is next for Arm Ltd. is to go public and list itself on one of the world's biggest stock exchanges, either domestically or overseas in the US. The IPO efforts of Arm are estimated to be worth around $80 billion, representing a double amount of what NVIDIA wanted to purchase the company for.

Update 08:35 UTC: Here is the official press release from NVIDIA and Softbank below:

EU Pauses Investigation Into NVIDIA's ARM Acquisition as They Await Further Information

EU antitrust regulators have paused their probe into NVIDIA's proposed $40 billion acquisition of ARM as they await further information. This takeover which would be the largest chip merger in history is now "highly unlikely" according to analysts as regulators from the FTC in the US are suing to block the deal. The UK's Competition and Markets Authority (CMA) is also undergoing an in-depth investigation to discover potential national security risks and competition concerns. These competition concerns are shared by the FTC who state that the acquisition would stifle innovation in next-generation technologies and would distort Arm's incentives to benefit NVIDIA by undermining rivals. NVIDIA has originally hoped to complete the deal within 2 years however this timeline is now unachievable as noted by CEO Jensen Huang in August.

Honeywell Quantum Solutions and Cambridge Quantum Merge to Create Quantinuum - The Largest Quantum Computing Company

The two leading companies in the quantum computing industry have combined to create Quantinuum, thereby accelerating the development of quantum computing and innovation of quantum technologies in a platform agnostic manner to deliver real-world quantum-enabled solutions for some of the most intractable problems that classical computers have not been able to solve.

Cambridge Quantum, the pioneer in quantum software, operating systems, and cybersecurity, and Honeywell Quantum Solutions, which has built the highest-performing quantum hardware, based on trapped-ion technologies, today announced they have satisfied all of the conditions required to close the business combination and formed the new company, now called Quantinuum.

Intel CEO Cites Brexit as Reason for Chip Fab Plans in UK Not an Option

In an interview with the BBC, Intel CEO Pat Gelsinger said that the company is no longer considering the UK as a site for a chip fab, due to Brexit, something the company had apparently done prior to Brexit. Now the company is looking for a location in another EU country for a US$95 billion investment for a new semiconductor plant, as well as upgrades to its current plants in Ireland.

Although Intel had not made any firm decisions on a site location prior to Brexit, Gelsinger is quoted as saying "I have no idea whether we would have had a superior site from the UK, but we now have about 70 proposals for sites across Europe from maybe 10 different countries." He continues "We're hopeful that we'll get to agreement on a site, as well as support from the EU... before the end of this year."

Hyland Headphones Adds Two New Models To Their Range Of Bespoke, Handmade High-End Headphones

Hyland Headphones, a boutique manufacturer of headphones based in Watford, on the outskirts of London, UK, has introduced their newest headphones: the Eclipse—the first closed-back model in the firm's line-up—and the Venus, the latest step up in the open-back range. The new headphones are the latest products of Hyland Headphones' research and development and feature the firm's widely applauded approach to building their products with care, and in small quantities, from beautiful, ethically sourced hardwoods.

The closed-back Eclipse (priced at £850) uses a complex cup design machined from separate pieces of wood in a two-step, two-day process, to give a sound quality that is the equal of their open-backed designs, but with the advantage of the passive noise cancelling that makes a closed-back design so appealing. The cup features an inner and outer chamber, with sound-absorbent damping in the outer chamber to ensure no stray reflections colour or distort the sound that reaches the listener's ear. The multi-wood design of the Eclipse also allows for additional customisation options: " about a creamy white Maple cup with a deep red Padauk top? Or a dark, gold flecked Panga Panga cup combined with the beautiful figuring of rippled Ash?"

NVIDIA-Arm Acquisition Raises "Significant Competition Concerns:" UK Competition Regulator

The proposed $40 billion acquisition of Arm Holdings Plc from SoftBank by NVIDIA raises "significant competition concerns," says the Competition and Markets Authority (CMA). The scathing report by the UK's competition regulator goes on to say that the merger will stifle innovation. "We're concerned that NVIDIA controlling Arm could create real problems for NVIDIA's rivals by limiting their access to key technologies, and ultimately stifling innovation across a number of important and growing markets. This could end up with consumers missing out on new products, or prices going up," it reads.

In its first reaction, NVIDIA sought time to address CMA's concerns. "We look forward to the opportunity to address the CMA's initial views and resolve any concerns the Government may have. We remain confident that this transaction will be beneficial to Arm, its licensees, competition, and the UK," the company said. Although a subsidiary of Japan's Softbank, the report by UK's competition regulator does have some bearing on the fate of Arm, which remains headquartered in the UK.

NVIDIA to Invest At Least $100 Million in UK's Most Powerful Supercomputer

NVIDIA, the maker of high-performance GPUs, has yesterday announced that the company will be investing at least 100 million US Dollars into UK's most powerful supercomputer. Back in October of 2020, NVIDIA announced that it will be building a supercomputer in Cambridge, UK, that will be called Cambridge-1. However, the original plan suggested that the investment would amount to around 40 million GBP, which is roughly 55.6 million USD. Now, it seems that NVIDIA is doubling the initial investment plan and the company now wants to invest 100 million USD, just at the initial phase, which would mean that the total budget could be much greater.

As the company is facing difficulties in the process of acquiring Arm Ltd. from Softbank, by building the most powerful supercomputer in the UK, it hopes to show its commitment to growing UK's Arm operations. And more specifically, it is building the Cambridge-1 in the same place as Arm's HQ, which is also Cambridge. In terms of technologies that will end up in this supercomputer, we are still not supplied with exact information, however, we can expect it to combine the latest CPU, GPU, and networking technologies into one powerful machine.
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May 23rd, 2022 01:10 EDT change timezone

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