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UPDATE 1-Nvidia deal for Arm will drive computing power growth -SoftBank's Son

Thu, 22nd Oct 2020 13:47

(Adds detail)

By Sam Nussey and Saeed Azhar

TOKYO/DUBAI, Oct 22 (Reuters) - SoftBank Group CEO Masayoshi
Son said on Thursday the sale of chip designer Arm to Nvidia
Corp will drive growth in computing power, in his first
public comments since the $40 billion deal was announced in
September.

Son made the comments at a virtual summit about artificial
intelligence hosted by the government of Saudi Arabia, in which
he reiterated his belief that AI would transform society.

The Nvidia deal, part of a series of asset sales by Son
whose group has been shaken by soured investments and the
COVID-19 pandemic, has raised concerns it will threaten Arm's
role as a neutral supplier in the industry.
(Reporting by Sam Nussey in Tokyo and Saeed Azhar in Dubai;
editing by Mark Potter and Jason Neely)

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