Education and technology

ARM: UK-based chip designer sold to US firm Nvidia

ARM: UK-based chip designer sold to US firm Nvidia

The deal values ARM at $40bn (£31.2bn), four years after it was bought by Japanese conglomerate Softbank for $32bn.ARM's technology is at the heart of most smartphones, among many other devices.Nvidia has promised to keep the business based in the UK, to hire more staff, and to retain ARM's brand.

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