SoftBank buys former President of Renee James’s Chip Design Company for $ 6.5 billion
If you need additional evidence that the companies involved in the AI Chip production are striving to give themselves any advantage, Softbank adds to its institutional expertise by buying former Intel Renee James Computing president. The conglomerate pays $ 6.5 billion in cash for a chip design business.
Ampere, which James founded in 2018, focuses on the native calculations at the beginning. There are no rewards to guess in which zone the company has moved since then: "Sustainable AI calculation," according to S
Softbank relies that Ampere will strengthen ARM’s research and development. It was reported last month that ARM, which also owns SoftBank, is S
"As the SoftBank Group is expanding its AI infrastructure investments in endeavors such as Cristal Intelligence and Stargate, the acquisition will help improve SoftBank Group in key areas and speed up its growth initiatives," Says the company in a statement. AMPERE is ready to keep its name and work as a fully subsidiary after the transaction is completed, which is expected to happen later this year in anticipation of regulatory approval and other closing conditions.
"With AI’s shared vision of progress, we are excited to join SoftBank Group and partner with our portfolio from leading technology companies," James, who is the CEO of Ampere, said in a statement. "This is a fantastic result for our team and we are excited to push our AMPEREONE road card for highly efficient ARM processors and AI."
This article originally appeared on Engadget at https://www.engadget.com/big-tech/softbank-is-s- buying-ex-president-renee-chip-dssign-company- For
English