It is one of the biggest and the greatest news in the Tech that Japan’s Softbank buys UK chip designer ARM for almost $32 Billion in Cash. And the Softbank has to pay nearly $22.5 per ARM share, which is about 43 percent more than ARM’s closing share price and even 41 % more than ARM’s all-time high closing share price.
Similarly, this deal is the largest-ever acquisition in the European technology business history. And you might be thinking of what are the reasons behind being so costly to this semiconductor giant ARM. Now, let’s know all this.
ARM chip was founded in 1990 and powered to hold variety of Smartphone’s like Apple’s iPhones or iPads, Samsung’s Galaxy Smartphones, Amazone’s Kindle e-readers , the cheapest Nokia Phones or Internet-Connected Devices like Nest’s smart thermostats, Fitbit’s fitness trackers, Canon’s EOS cameras, Ford’s cars and DJI’s drones etc.
Besides, ARM does not manufacture chips, but it provides licenses to its semiconductor technologies to access on a considerable variety of device makers, so buying the ARM means getting the most valuable company in the world of mobile processors.
SoftBank told that an ARM holding presently has 4,064 employees throughout the world and it remained headquartered in Cambridge. Not only this, this company would even retain ARM’s senior management team, brand, and even lucrative partnership-based business model. So, they are planning to double their staff in the United Kingdom over the next five years.
This is all about the latest remarkable achievement by the Japanese company. Something likely to be unbelievable.
