• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

SoftBank’s Arm considers buying Oracle-backed Ampere Computing- Bloomberg

by January 9, 2025
written by January 9, 2025

Investing.com– SoftBank and its British chip designing unit Arm are considering a potential takeover of Oracle-backed semiconductor firm Ampere Computing, Bloomberg reported on Wednesday evening. 

Speculation over the deal comes as Ampere explores strategic options, including a potential sale, Bloomberg reported. 

Reports in September showed Ampere, which is privately owned, was considering a potential sale. Ampere develops Arm-based processors for applications across a wide variety of fields, most notably data centers, and was founded by ex Intel (NASDAQ:INTC) President Renee James in 2017.

The company’s data center chips have come into increased focus in recent years with the artificial intelligence boom, which saw heightened capital spending on data center infrastructure to power AI programs. 

Ampere has a partnership with Oracle Corporation (NYSE:ORCL). The cloud firm holds a nearly 30% stake in Ampere, and also has an option to buy it. 

Beyond Oracle, Ampere has partnerships with several major tech companies, including Microsoft Corporation (NASDAQ:MSFT), to develop chip technology geared towards heavy workloads, especially those from AI programs. 

Arm Holdings (NASDAQ:ARM) benefited from the AI boom, having marked a stellar IPO in late-2023 on AI fueled demand. The chip designer is a key part of the global semiconductor supply chain, given that its platform powers a variety of chips, especially in mobile devices. 

Arm’s parent, SoftBank Group Corp. (TYO:9984), has also seen a surge in the value of its tech holdings on the AI boom. The Japanese tech conglomerate has vowed to aggressively step up its investment in the fast-growing AI industry. 

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Citi plans to donate undisclosed amount to Trump inauguration
next post
Australia’s Star Entertainment loses shine to hit record low over cash burn concerns

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 5, 2025
    • This California startup is cleaning water and removing CO₂ from the atmosphere — all at a reduced cost

      June 5, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (504)
    • Stock (6,426)

    Latest News

    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

    Popular News

    • Boohoo shareholders reject Mike Ashley’s bid for board representation
    • Australia stocks higher at close of trade; S&P/ASX 200 up 0.37%

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy