SoftBank has announced the acquisition of Silicon Valley chip designer Ampere Computing for $6.5 billion in cash. The deal allows Ampere to operate as a subsidiary while retaining its name and headquarters in Santa Clara, California. SoftBank's CEO, Masayoshi Son, mentioned the importance of advanced computing power for the future of Artificial Super Intelligence and believes that Ampere's semiconductor expertise will support this vision. Ampere's CEO, Renee James, expressed enthusiasm about collaborating with SoftBank and its technology partners to push AI advancement further. The transaction is anticipated to finalize in the latter half of the year.
SoftBank is acquiring Ampere Computing for $6.5 billion to enhance its commitment to AI innovation.
Ampere will remain a subsidiary, retaining its name and headquarters in Santa Clara, California.
Masayoshi Son emphasized that Ampere's semiconductor expertise will accelerate the vision for Artificial Super Intelligence.
Renee James expressed excitement about joining SoftBank and advancing AI together.
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