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Graphics giant Nvidia will no longer be spending $40 billion to acquire Arm, according to three anonymous sources “with direct knowledge of the transaction” who spoke to the Financial Times. Instead, Nvidia will likely be spending up to $1.25 billion to Arm owner SoftBank for failing to go through with the transaction, while Arm CEO Simon Segars will reportedly lose his job in favor of Rene Hass (who coincidentally used to run Nvidia’s own Arm business many years ago).
The deal, announced in September 2020, would have been one of the industry’s biggest ever, giving GPU manufacturer Nvidia control of the company whose architecture and intellectual property is key to every practically every smartphone and tablet chip ever made, as well as…
