Back in July, it was reported that Japanese company SoftBank announced their plans to acquire UK company ARM. For those who are unfamiliar, ARM is the company behind the architecture of mobile chipsets used by the likes of Apple, Samsung, Qualcomm, MediaTek, NVIDIA, Huawei, and more.
That being said, it looks like the acquisition has been successfully completed, with SoftBank paying around $32 billion for the acquisition. The good news is that for now, SoftBank has no plans to breakdown ARM and that they will be letting the company continue to operate as it is as a standalone business, which also means business as usual for the companies that rely on ARM’s technology and designs.
The company is also expected to maintain its headquarters in Cambridge, England. Also instead of downsizing, SoftBank has actually promised to double the number of staff in the UK over the next few years, so if anything it sounds like SoftBank wants to keep growing ARM instead of absorbing it into their company.
SoftBank also envisions ARM as more than just a company that does smartphone semiconductors, and that they could see them as being a player in the internet-of-things devices, which ARM has provided chips for over the past few years.