What you need to know
- SoftBank is selling its chip firm Arm Ltd.
- Apple reportedly held preliminary talks with SoftBank about a possible acquisition.
- Apple is not planning to pursue a bid.
A report claims that Apple held preliminary talks with SoftBank Group Corp. over the prospect of bidding for its chip design branch Arm Ltd.
According to Bloomberg's Mark Gurman:
As the report notes, this would have been a mammoth acquisition in Apple terms. SoftBank paid $32 billion for Arm in 2016, dwarfing Apple's biggest-ever acquisition, its purchase of Beats several years ago for $3 billion, which at the time was a huge deal.
As Rene Ritchie recently explained, Apple has long relied on Arm's ISA license to make its own ARM chips for its mobile devices for years now. Apple will build on this operation with the introduction of Apple silicon to its Macs later this year.
As Bloomberg notes, there might be some concern about an Apple rival getting their hands on Arm, right now it seems that graphics giant NVIDIA is the front-runner, having reportedly made an undisclosed offer in what would be the largest-ever acquisition in the chip industry. No doubt, the purchase/sale of Arm could be one of the biggest moments in the industry in recent years.
Stephen Warwick has written about Apple for five years at iMore and previously elsewhere. He covers all of iMore's latest breaking news regarding all of Apple's products and services, both hardware and software. Stephen has interviewed industry experts in a range of fields including finance, litigation, security, and more. He also specializes in curating and reviewing audio hardware and has experience beyond journalism in sound engineering, production, and design.
Before becoming a writer Stephen studied Ancient History at University and also worked at Apple for more than two years. Stephen is also a host on the iMore show, a weekly podcast recorded live that discusses the latest in breaking Apple news, as well as featuring fun trivia about all things Apple.
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