Monday, April 21, 2025
24.6 C
Singapore

SoftBank to acquire Ampere Computing for US$6.5B to boost AI push

- Advertisement -

US: On Wednesday (March 19), SoftBank Group said that it would acquire US chip startup Ampere Computing for US$6.5 billion (S$8.68 billion) in cash, as reported by Reuters.

Ampere, founded by former Intel president Renee James, makes central processing unit (CPU) chips for data centres using Arm Holdings’ architecture. These chips are used by companies like Oracle in their cloud systems.

SoftBank said that as part of the deal, Oracle and Carlyle Group, Ampere’s major investors, will sell their stakes in Ampere.

Ampere developed its own custom CPU technology, a move usually made by bigger companies like Apple and Qualcomm. However, Arm later became a competitor by working directly with major clients like Microsoft and Google to create custom Arm-based CPUs.

- Advertisement -

Google initially adopted Ampere’s chips but later worked with Arm to develop its own “Axon” CPU. After this, a Google executive said the company would no longer use Ampere chips.

Under SoftBank, the majority owner of Arm, Ampere will join a group of chip technology companies that are increasing their focus on artificial intelligence (AI). /TISG

Read also: Salesforce to invest $1B in Singapore to boost digital transformation

Featured image by Freepik (for illustration purposes only)

- Advertisement -

Hot this week

Johor turns to Singapore’s NIE to raise school standards and curb brain drain

MALAYSIA: Johor is making an unprecedented move to reform...

Best budget-friendly destinations that won’t break the bank for Singaporeans this 2025

SINGAPORE: Now that travelling is becoming popular again, many...

Johor turns to Singapore’s NIE to raise school standards and curb brain drain

MALAYSIA: Johor is making an unprecedented move to reform...

Best budget-friendly destinations that won’t break the bank for Singaporeans this 2025

SINGAPORE: Now that travelling is becoming popular again, many...

GE2025: Red Dot United unveils manifesto rethinking society with a heart

SINGAPORE: In a spirited address that called for a...

NUS study invites public to weigh moral dilemmas of embryo selection in IVF

SINGAPORE: When faced with choosing an embryo for implantation...

“Thrive, Not Just Survive” – SDP proposes cutting GST to 7-5% as GE2025 approaches

SINGAPORE: The Singapore Democratic Party (SDP) kicked off its...

Related Articles

Popular Categories