ARM to be bought by Japan's Softbank
There's another massive take-over in technology land. It appears ARM has been purchased by softbank. UK technology firm ARM Holdings is to be bought by Japan's Softbank for $32bn it confirmed on Monday.
The board of ARM is expected to recommend shareholders accept the offer - which is around a 43% premium on its closing market value of £16.8bn on Friday.
The Cambridge-based firm designs microchips used in most smartphones, including Apple's and Samsung's. ARM, which was founded in 1990, employs more than 3,000 people. Shares in the UK technology firm surged by 45% at the open of the London Stock Exchange to 1,742.85p per share, adding £7.56bn to ARM's market value. ARM said it would keep its headquarters in Cambridge and that it would at least double the number of its staff over the next five years.
Softbank is one of the world's biggest technology companies and is run by its founder, Japanese entrepreneur Masayoshi Son.
It has previously acquired Vodafone's Japanese operations and the US telecoms company Sprint. The $20bn deal was the biggest foreign acquisition by a Japanese firm at the time. The new deal will be funded by Softbank's own cash reserves and a long term loan from Japan's Mizuho Bank.
It's hard to exaggerate just how important ARM is to the UK tech sector - and the shock many are feeling this morning at the news that it is about to lose its independence.
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ARM designed for decades low power device .ARM is the best implementation of RISC arhitecture and is worldwide available , not only in your Iphone , but in automotive , Navigation , GPS ,aeronautics , etc.... all are made by different types of ARM processor.
Is a big hit for UK ... and now they can really feel the effects of BREXIT
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Am I the only one, who doesn't like ARM?
As such I am more than OK with them being sold, bought, killed off or whatever.
I do realize, their tech is powering our smartphones, but for me it is a bogus, the world would have been better had it gone with different tech.
when you go to versatile, low power need, high chip power... nothing can be compared to ARM
Even Intel have try to get close and have fail despite all it's money power.
For me it is OK, it's not good for UK but it look really good for the company... let's see what will born from that

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lol i know what you might voted

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Considering they wanted ARM before the Brexit, Softbank want ARM to remain in the UK and create more jobs, but hey that's a bad thing right?
Just like Cadburys, when they got bought out and the Americans moved the jobs to Poland and that was BEFORE any EU vote.
Senior Member
Posts: 586
Joined: 2008-06-20
Am I the only one, who doesn't like ARM?
As such I am more than OK with them being sold, bought, killed off or whatever.
I do realize, their tech is powering our smartphones, but for me it is a bogus, the world would have been better had it gone with different tech.