In July, SoftBank revealed its plan to acquire the British chip designer ARM Holdings for $31.4 billion and now, less than two months later, the company has announced that the acquisition is officially complete. The Japanese telecom company has been expanding its company lately through a series of acquisitions and investments, including purchasing Sprint for $20 billion and investing $15 billion into the Japanese division of Vodafone. ARM is known worldwide for the chips it designs which are later licensed to large electronics manufacturers including Apple, Samsung and many other well-known companies for use in mobile phones and tablets. In just… [Continue Reading]
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