The head of Arm may lose his job.
Graphics giant Nvidia will no longer be spending $40 billion to acquire Arm, according to three anonymous sources “with direct knowledge of the transaction” whoInstead, Nvidia will likely be spending up to $1.25 billion to Arm owner SoftBank for failing to go through with the transaction, while Arm CEO Simon Segars will reportedly lose his job in favor of Rene Hass .
, would have been one of the industry’s biggest ever, giving GPU manufacturer Nvidia control of the company whose architecture and intellectual property is key to every practically every smartphone and tablet chip ever made, as well as a growing number of server chips, and Apple’s entire future product roadmap for its impressive Arm-powered laptop and desktop PCs. , not even to confirm or deny that the deal had fallen through. Softbank and Arm didn’t immediately respond to requests for comment.
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