Nvidia purchases ARM Holdings

American graphics chip specialist, Nvidia has completed the purchase of UK-based computer chip designer, ARM Holdings.  The deal which values ARM at $40bn (£31.2bn) was concluded four years after the company was bought by Japanese conglomerate Softbank for $32bn. Nvidia has reiterated its desire to keep the business based in the UK, promising to hire more staff and retain the company’s (ARM) brand. Previous owners, Softbank had made commitments to secure jobs and keep ARM’s …

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