Rumor: NVIDIA is interested in purchasing ARM (updated)

With more than 130 billion processors shipped as of 2019, ownership of ARM could help Nvidia exert its influence not only on products like smartphones, tablets, wearables, and computers, but also help to shape entire industries ranging from networking devices, servers, and data centers to embedded markets spanning smart cars, robotics, and IoT (internet of things).
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Unlike Nvidia, AMD, and Intel, ARM doesn’t sell a packaged processor. Instead, the company operates on what it calls a “flexible licensing model.” Each licensee can license the processor design and have the freedom to customize the architecture to fit its own specifications. Typically, licensees pay an up-front fee to license the architecture, and ARM also earns revenue through on-going royalty payments. It seems likely that this model would survive under Nvidia or any other possible buyer’s ownership.
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The “flexible licensing model” is also complementary to Nvidia’s own graphics business. Having already been a licensee of ARM with its Tegra processors (found on products such as Nvidia’s Shield TV streaming box and the now-defunct Microsoft Surface RT), more licensing opportunities could open up if Nvidia acquires ARM.

ARM currently licenses its Mali graphics core on its CPU architecture, but licensees — like Apple, MediaTek, Qualcomm, and Samsung — have the option of using their own custom integrated GPU design. Nvidia could either replace the Mali’s graphics core and license out its integrated GeForce GPU in a packaged solution for licensees, or it could continue to offer the Mali design and reserve the GeForce cores for its own custom Tegra processors.
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At present, most PCs are locked into the x86 architecture used by Intel and AMD. However, the future outlook is bright for ARM. Despite a failed foray into ARM PCs with the Surface RT, Microsoft is making headwinds with its second effort with partner Qualcomm and its ARM-based Snapdragon 8cx processor. Promising better battery life, consistent performance, and thin and light designs, notebooks and convertibles running on the Always Connected PC platform offer many advantages over its Intel rival, including mobile connectivity and all-day computing power. Microsoft’s Surface Pro X tablet is also based on a semi-custom ARM processor co-developed with Qualcomm, though we can see designs from Samsung, Lenovo, and others.
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Nvidia also isn’t the first large company to be interested in acquiring ARM. Apple was actually originally rumored to be in talks with ARM earlier this year. It fell through, reportedly because a tie-up wouldn’t fit Apple’s business ambitions.

Softbank last purchased ARM four years ago at the cost of $32 billion, but it’s unclear how much Nvidia is willing to pay to acquire the firm. If the deal fails, Bloomberg reported that Softbank may proceed with taking ARM through a public stock listing, and an IPO could value the company at $44 billion.

Being as ARM is already owned by Softbank who are Japanese I can't see that being an issue.