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- SoftBank stated it is buying chip designer Ampere Computing for $6.5 billion in money.
- Ampere will function as a subsidiary, retaining its identify and headquarters in Santa Clara.
- SoftBank’s CEO stated the deal was a part of its dedication to AI innovation within the US.
SoftBank is buying Ampere Computing, a Silicon Valley-based chip design start-up, for $6.5 billion in money, the corporate stated in a press release Wednesday.
SoftBank stated that underneath the settlement Ampere will preserve its identify and headquarters in Santa Clara, California, and function as a subsidiary of the corporate.
“The way forward for Synthetic Tremendous Intelligence requires breakthrough computing energy,” Masayoshi Son, chairman and CEO of SoftBank, stated in a press release. “Ampere’s experience in semiconductors and high-performance computing will assist speed up this imaginative and prescient, and deepens our dedication to AI innovation in the USA.”
Renee James, the founder and CEO of Ampere, stated in a press release, “With a shared imaginative and prescient for advancing AI, we’re excited to hitch SoftBank Group and accomplice with its portfolio of main expertise firms.”
The deal is anticipated to shut within the second half of the yr, the assertion stated.
This story is growing, verify again for extra data.
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