SoftBank's acquisition of Ampere Computing for $6.5 billion aims to bolster its AI capabilities and Arm's research and development initiatives. Ampere, founded by former Intel president Renee James, specializes in sustainable AI computing. By integrating Ampere into its tech portfolio, SoftBank hopes to accelerate growth and expand its investments in AI infrastructure. Ampere will operate as a wholly owned subsidiary, maintaining its name, and pursuing its AmpereOne roadmap for high-performance Arm processors and AI, aligning with SoftBank's broader vision for AI advancement.
"With a shared vision for advancing AI, we are excited to join SoftBank Group and partner with its portfolio of leading technology companies," James, who is CEO of Ampere, said in a statement.
"As SoftBank Group broadens its AI infrastructure investments in ventures such as Cristal intelligence and Stargate, the acquisition will help enhance SoftBank Group's capabilities in key areas and accelerate its growth initiatives," the company said in a statement.
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