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SoftBank is buying Ampere Computing for $6.5 billion

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SoftBank said it was buying Ampere Computing, a Silicon Valley chip design startup, for $6.5 billion in cash.
SoftBank Group Corp. has agreed to acquire Ampere Computing, a company specializing in high-performance, energy-efficient processors, for approximately $6.5 billion. This acquisition aims to bolster SoftBank's capabilities in the data center and cloud computing markets, where energy efficiency and performance are critical. Ampere, founded by former Intel executives, focuses on creating processors that offer better performance per watt than traditional x86 chips, aligning with the growing demand for sustainable computing solutions. The deal, which is expected to close by the end of 2023, will see Ampere continue to operate independently under SoftBank's Vision Fund 2, potentially accelerating its growth and innovation in the semiconductor industry.

Read the Full Insider Article at:
[ https://www.msn.com/en-us/money/companies/softbank-is-buying-ampere-computing-for-65-billion/ar-AA1BgY0X ]