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SoftBank to buy UK chip designer ARM in £24.3b cash deal

Published Mon, Jul 18, 2016 · 09:50 PM
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Tokyo

SOFTBANK Group Corp has agreed to buy UK chip designer ARM Holdings plc in a £24.3 billion (S$43.5 billion) deal, the two companies said on Monday, in an ambitious bet on mobile Internet that will transform the Japanese tech group.

ARM, the most valuable tech company listed in London by market value, is a major presence in mobile processing, with its processor and graphics technology used by Samsung, Huawei and Apple in their in-house designed microchips.

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