- SoftBank said it’s acquiring chip designer Ampere Computing for $6.5 billion in cash.
- Ampere will operate as a subsidiary, keeping its name and headquarters in Santa Clara.
- SoftBank’s CEO said the deal was part of its commitment to AI innovation in the US.
SoftBank is acquiring Ampere Computing, a Silicon Valley-based chip design start-up, for $6.5 billion in cash, the company said in a statement Wednesday.
SoftBank said that under the agreement Ampere will keep its name and headquarters in Santa Clara, California, and operate as a subsidiary of the company.
“The future of Artificial Super Intelligence requires breakthrough computing power,” Masayoshi Son, chairman and CEO of SoftBank, said in a statement. “Ampere’s expertise in semiconductors and high-performance computing will help accelerate this vision, and deepens our commitment to AI innovation in the United States.”
Renee James, the founder and CEO of Ampere, said in a statement, “With a shared vision for advancing AI, we are excited to join SoftBank Group and partner with its portfolio of leading technology companies.”
The deal is expected to close in the second half of the year, the statement said.
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