The chief executive of Nvidia Corp said his planned acquisition of Arm from SoftBank Group Corp cost an “arm and a leg,” but that the chip designer’s valuable network of customers made it worthwhile. Japanese tech conglomerate SoftBank announced in September it would sell Arm to U.S. chip designer Nvidia for $40 billion as it builds a cash pile through asset disposal. “I had to pay you an arm and a leg for it,” Jensen Huang told SoftBank CEO Masayoshi Son in a pre-recorded conversation at annual conference SoftBank World. …read more
Source:: Yahoo Finance
