September 20, 2016 0 Comments
Japan-based SoftBank, one of the largest technology companies in the world, has recently acquired British chip maker ARM Holdings for $31.4 billion. Headquartered in Cambridge, England, ARM Holdings provides chips to 95% of smartphones, 80% of digital cameras, and 35% of all electronic devices. As part of the acquisition, ARM will now be delisted from the London Stock Exchange. According to sources, ARM was acquired to boost SoftBank’s Internet of Things (IoT) plans. The deal could give SoftBank the technological edge that it needs to transform itself from a telecoms company into a global leader with a platform focused on the IoT. It will also allow Japan to regain control of the memory chips market, which has been dominated by the UK and South Korea.
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