SoftBank to acquire chip designer Ampere in $6.5 billion deal
- SoftBank is acquiring Ampere Computing for $6.5 billion in cash, as stated in a company announcement.
- Ampere will retain its name and headquarters in Santa Clara, California, and operate as a subsidiary, according to SoftBank's statement.
- The Ministry of Electronics and Information Technology of India announced the Chips to Start-up Programme to boost semiconductor design among 300+ organizations, including 250 academic institutions, aimed at fostering innovation in chip design.
- The deal is expected to close in the second half of the year, as reported by SoftBank's statement.
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Japan’s SoftBank Group has announced that it will acquire Ampere Computing for $6.5 billion. Ampere is a fabless company that designs CPUs for data centers based on the Arm architecture. The acquisition will significantly expand SoftBank’s presence in the fast-growing market for Arm-based server processors. The deal will be completed by Oracle and Carlyle selling their stakes in Ampere. The acquisition could strengthen SoftBank’s position in the…
Centre Democratizing Chip Designing in the Country, Boosting Indigenization
Get latest articles and stories on India at LatestLY. The C2S Programme aims to generate 85,000 number of industry-ready manpower at B.Tech, M.Tech, and PhD levels specialized in semiconductor chip design India News | Centre Democratizing Chip Designing in the Country, Boosting Indigenization.
Ampere was founded eight years ago and sells chips based on Arm technology, a British company that already belongs to the Japanese conglomerate
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