I on mobile so I will keep the text short for now until I can edit better on my PC.
Comes in for about $32 billion or €28 billion. It comes just weeks after the UK voted to leave the EU, looks like to the untrained eye like they are making a quick exit from the UK. While they are saying the business will stay where it is the same promise was made to Cadbury and they were moved out breaking that promise. Time will tell. The buyout comes in at 41-43% above stock price.
Softbank are looking to leverage ARM for the Internet of Things (IoT) as that develops.
I suppose I will throw an @Logan@wendell on this, news for The Tek?
WoW..That is interesting and unexpected. although it is a bit unlikely that the Brexit would have a lot to do with it. These kind of agreement are months (sometimes years) in the making. At most the Brexit just speed things up a bit.
Apparently just watching the news now, the head of softbank decided on this (edit: as in decided to buy arm) just 2 weeks ago, or at the time the brexit vote happened or there about.
Though he does say that the brexit has little to do with it and has said that the jobs in ARM in the UK will double.
Sure the decision can be taken that soon. The talks I highly doubt they were that short.
In a sense Softbank is investing money on ARM since the business will stay in the UK. This is almost the opposite of what people would expect from the Brexit.
This could be big. Japan might finally start getting back into the groove as far as general purpose computer hardware engineering goes. Because it could be said that by proxy, ARM has taken over the universe as far as the mobile market goes. Nearly every mobile chipset employs an ARM architecture for the CPU.
I wonder what this means for arm chip licences that Texas Insterments and Samsung and others have. That would be the interesting part. Qualcomm makes there own design and are not effected.
I wonder what this means for arm chip licences that Texas Insterments and Samsung and others have.
As peer the licensing business model, ARM will continue to collect royalties for the IPs it licenses to its partners. This business model works really well considering the billions of devices that rely on Cortex chips that get shipped every year. Forget about smartphones or tablets and think about your fridge, microwave, keys, lamps, setup-boxes, TVs and pretty much anything that you might take for granted.
Qualcomm makes there own design and are not effected.
