Ampere, led by former Intel executive Renee James, is nearing a sale to Softbank, putting its valuation at around $6.5 billion. This marks a decrease from the earlier $8 billion valuation in 2021. The company, which designs ARM chips for data centers, was founded in 2017 and became significant as it attracted major clients like Oracle and Microsoft. Recent reports indicate Oracle holds a substantial stake that could provide it control over Ampere, while James is set to leave Oracle's board, indicating ongoing shifts in the company's management and ownership landscape.
'If either of such options is exercised by us or our co-investors, we would obtain control of Ampere and consolidate its results with our results of operation,' Oracle wrote.
Renee James, after being passed over for a CEO role at Intel, launched Ampere in 2017 focusing on low-energy ARM designs for data centers.
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