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Investing.com -- SoftBank (TYO:9984) Group Corp has finalized an agreement to acquire U.S.-based chip designer Ampere Computing Holdings for $6.5 billion.
The deal, announced late Wednesday, will enhance the Japanese technology investment company’s AI capabilities. It comes at a time when SoftBank is embarking on a large-scale data-center project in the U.S., among other ventures.
Ampere Computing Holdings, located in Santa Clara, California, designs energy-efficient processors for cloud and AI computing. The company employs around 1,000 skilled chip engineers. SoftBank believes Ampere’s proficiency in chip development will augment the design strengths of Arm Holdings (NASDAQ:ARM), a unit of SoftBank.
Arm Holdings, spurred by a surge in AI chip purchasing, reported record quarterly sales for the three months ending in December.
Masayoshi Son, SoftBank’s Chief Executive, stated that achieving AI that exceeds human capabilities necessitates a leap in computing power. He highlighted Ampere’s semiconductor and high-performance computing expertise as key to accelerating this vision and reaffirmed SoftBank’s commitment to AI innovation in the United States.
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