Quick overview

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NVIDIA made an unsuccessful attempt to purchase Arm Holdings Plc, a chip technology company, and sold off the remaining portion of its ownership. According to a regulatory filing, Nvidia unloaded 11.1 million shares, which, at Tuesday’s closing price, would have been worth roughly $140 million.

NVIDIA’s stake is now worth zero after the disposal, sometime in the fourth quarter of last year. The action ends a turbulent journey for both businesses. In 2020, Nvidia agreed to pay $40 billion to acquire Arm, which was anticipated to be the biggest transaction in the history of the chip industry.

However, regulators and consumers opposed the deal almost immediately. The majority of the world’s cutting-edge semiconductors are based on ARM’s technology, and its independence was viewed as a vital advantage.

The termination was announced by both parties in February 2022. SoftBank Group Corporation is the primary owner of Arm. then proceeded with its intention to sell shares to the general public.

NVIDIA has grown to be a significant investor in the entire technology sector. It has stock in Intel Corporation. , CoreWeave Inc., Nokia Oyj., and Synopsys, and has committed to using its funds to accelerate the uptake of AI computing.