SoftBank Group said Thursday that it has struck a deal to buy U.S.-based chip designer Ampere Computing Holdings for $6.5 billion, as part of the Japanese investment firm's plans to boost its exposure to artificial intelligence development.
SoftBank Group said Wednesday that it had reached a deal to acquire US semiconductor firm Ampere for US $6.5 billion.
SoftBank Group announced on Wednesday that it will acquire Ampere Computing, a chip designer founded by former Intel executive Renee James, through a $6.5 billion all-cash deal as a strategic move to broaden its investment in AI infrastructure.
SoftBank Group Corp. announced late Wednesday it is acquiring semiconductor designer Ampere Computing in a $6.5 billion deal that will expand its investments in AI infrastructure.
SoftBank Group Corp. has announced it will acquire US-based chip startup Ampere Computing in an all-cash deal worth $6.5 billion. The move reinforces SoftBank's expanding focus on artificial intelligence, positioning Ampere alongside its majority-owned Arm Holdings within its growing semiconductor portfolio.
SoftBank said it's acquiring chip designer Ampere Computing for $6.5 billion in cash. Ampere will operate as a subsidiary, keeping its name and headquarters in Santa Clara.
The Japanese investment holding company said that the purchase would help to enhance its capabilities in key artificial-intelligence areas and accelerate its growth initiatives.
SoftBank to acquire chip designer Ampere in $6.5 billion deal
The move is a bet that Ampere's chips can begin playing a significant role in data centers for creating artificial intelligence.
SoftBank Group Corp said on Wednesday it will acquire Ampere Computing, a leading independent silicon design company, in an all-cash transaction valued at $6.5 billion.
SoftBank is marching ahead on its ambitions to build out a major AI operation in its home market of Japan, on its own steam and in strategic partnership with others like OpenAI. On Friday, the tech company confirmed it would pay $676 million for factory previously used by Sharp to build LCD panels to convert it into an artificial intelligence data center.
SoftBank plans to transform a former Sharp LCD panel plant in Japan into a data center for operating artificial intelligence agents developed in collaboration with U.S.-based ChatGPT creator, OpenAI, according to a Nikkei report on Friday.