News of New York

Arm, SoftBank's Chip Designer, Initiates High-Profile IPO Filing
22 August 2023
3902
Unleashing AI Potential In a strategic move reflecting the AI computing trend, SoftBank's Arm is gearing up for a substantial US initial public offering (IPO). Leading financial institutions, including Barclays, Goldman Sac...
Intel's Plan to Challenge TSMC's Foundry Dominance
16 April 2023
3892
Intel's new move Intel has recently announced an agreement with Arm that will make Intel a viable manufacturing option for any Arm-based chip designer. This is a significant move, given that Arm-based chips cu...
Market today: Dow Jones rises
8 February 2022
3628
US stock indices on Tuesday The S&P 500 and Nasdaq Composite oscillated between losses and gains, while the Dow Jones Industrial Average jumped, led by Amgen, after the biotech giant announced a $6 billion share buyback. In news of the shakeout...
Nvidia and SoftBank deal to buy Arm not going ahead
8 February 2022
3657
Nvidia and ARM The US corporation Nvidia has decided to abandon its acquisition of UK company Arm due to disapproval of the deal by regulators. The Financial Times reported this on Tuesday, citing unnamed...
Nvidia wants to abandoning $40 billion purchase of ARM
25 January 2022
3339
Nvidia and ARM Nvidia Corporation (NASDAQ:NVDA) is preparing to back out of buying UK chip developer Arm from SoftBank Group (T:9984) amid problems with regulatory approval of the deal, Bloomberg writes citing sources. According...
FTC sues Nvidia to block deal with Arm
3 December 2021
3719
Lawsuit against Nvidia The Federal Trade Commission (FTC) is suing the NVDA to block an agreement to merge ARM, the largest-ever corporate semiconductor merger. Analysts believe the authorities will block the ...
Stock futures fall ahead of ADP jobs report
6 October 2021
3697
Stocks fall ahead of jobs report US stock futures fell sharply on Wednesday morning as investors awaited the latest labour market assessment. Dow Jones Industrial Average futures fell 350 points, or 1.02%, while S&P 500 and Nasdaq 100 futures f...
Nvidia expects EU authorities to obstruct approval of its Arm purchase deal
8 September 2021
3705
Nvidia & Arm deal Nvidia (NVDA) shares fell 0.8% on Tuesday after news broke that EU authorities see not enough concessions from Nvidia on the Arm purchase deal to mitigate potential damage to competitors and gain approval from EU antitrust...
Nvidia's deal to buy Arm could be blocked by the UK
4 August 2021
3962
Arm and Nvidia Nvidia shares were down slightly at the pre-market on Wednesday following news that a preliminary investigation by UK authorities into Nvidia's deal to buy UK tech giant Arm showed "worrying implicat...
Nvidia shares up 5%
30 June 2021
4510
Deal with Arm Nvidia shares hit a new price high on news of an artificial intelligence (AI) partnership with Google and unexpected support from major semiconductor companies for Nvidia's de...
Nvidia and Arm deal could drag on for more than 2 years
10 June 2021
3864
Deal delayed The biggest deal in Nvidia's history and one of the biggest in the tech industry, Nvidia's merger with UK-based Arm, could be delayed indefinitely because of China's antitrust investigation. Since Arm has subsidiaries in other countries...
Nvidia bid Chinese regulator to buy Arm for $40bn
8 June 2021
3987
Takeover bid Nvidia (NASDAQ:NVDA) has filed an application with Chinese antitrust authorities to review a $40 billion takeover of UK chip developer Arm, currently owned by Japanese tech giant SoftBan...
UK to investigate Nvidia’s ARM deal over national security concerns
20 April 2021
4711
Deal under threat Nvidia's biggest deal to acquire UK tech company Arm for $40bn could be blocked by UK authorities. An investigation into the potential implications of the deal has been launched and national secur...
Arm unveiled new V9 architecture
1 April 2021
4282
New V9 architecture Arm on Tuesday unveiled its new Armv9 architecture, which will form the basis of the next 300 billion chips whose technology will enable artificial intelligence and high security data storage. ...
Amazon develops its own chips to reduce dependence on Broadcom
1 April 2021
4092
Chip development Amazon is making its cloud business increasingly autonomous, reducing risk and dependence on semiconductor manufacturers. After developing its own processor chips for data centres, Amazon has moved on to developing chips to power ne...
Qualcomm tries to stop Nvidia from buying Arm for $40 billion
13 February 2021
3670
Nvidia wants to buy Arm US chipmaker Qualcomm has expressed its opposition to a possible acquisition of Arm by Nvidia, which last September said it was prepared to pay $40 billion ...
Nvidia and the upcoming quarterly report
16 November 2020
3253
Anticipating the best quarterly report from NVIDIA Nvidia (NVDA) plans to report revenue and profit for the third quarter of fiscal 2021 (beginning on 27 July and ending on 25 October 2020) on Wednesday after market closure. In the previous quarter,...
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