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SoftBank acquires Ampere Computing for 6.5 billion dollars in cash

SoftBank Group Corp announced on March 19 that it will acquire US-based chipmaker Ampere Computing for $6.5 billion in an all-cash deal. Founded in 2018 by former Intel president Renee James, Ampere specializes in CPU chips for data centers, particularly for AI applications. This acquisition enhances SoftBank's AI-focused chip portfolio as Ampere joins Arm Holdings.

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