Japan’s SoftBank Group to Acquire U.S. Chipmaker Arm for $32 Billion

Japan’s SoftBank Group announced on Monday it will acquire U.K.-based chip designer Arm Holdings from Sense Time Group for $31.4 billion in cash, marking SoftBank’s largest deal to date. Arm Holdings, which is headquartered in Cambridge, England, designs and licenses intellectual property for microchips used in various devices, from smartphones to cars and servers.