The post SoftBank wrapping up $6.5B deal for Oracle-backed chip designer Ampere appeared on BitcoinEthereumNews.com.

SoftBank is reportedly considering a $6.5 billion acquisition of Ampere Computing LLC, a semiconductor and chip designer backed by Oracle. While Ampere looks primed for a takeover, it is also exploring its strategic options, according to people familiar with the matter, who asked not to be identified because the discussions were private. The same people also urged caution as talks could still fall apart. It’s also possible the chipmaker is snapped up by another potential buyer.  SoftBank has made several strategic acquisitions in recent years, including stakes in companies like Arm Holdings and WeWork. Ampere primed for takeover  Ampere designs semiconductors that use Arm’s technology. It was valued at $8 billion in a proposed minority investment by Japan’s SoftBank in 2021. The company’s current valuation, as far as Arm and Ampere are concerned, is still being discussed.  While representatives for all parties involved have not commented publicly, we know that Ampere has been working with a financial adviser to help field takeover interest according to a Bloomberg News report from September.  The Santa Clara, California-based company’s interest in a deal with a larger player in the industry reportedly implies that there was no clear path to an initial public offering. An announcement regarding the transaction is expected in the coming weeks, highlighting the urgency and significance of the deal. The deal involves SoftBank Group Corp. and Ampere Computing LLC, which is backed by Oracle Corp., showcasing a collaboration between major players in the tech industry. Chip companies cashing in on the AI spending boom The interest in Ampere, whose early backers also include Carlyle Group Inc., is strategic as it comes at a time when chip companies are looking to leverage the growing demand for artificial intelligence technologies.  Last year, Oracle confirmed that it owns 29% of the startup and…

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Filed under: News - @ February 6, 2025 12:24 am