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September 2020

NVIDIA Acquires Arm: Implications for the Market

On September 13, 2020, NVIDIA announced it had signed a definitive agreement to acquire Arm Holdings from SoftBank for $40 billion in a combination of NVIDIA stock and cash. SoftBank will retain a 10% interest in Arm. While there are regulatory issues to be resolved in the UK, the US and China, NVIDIA anticipates this process will take 12 to 18 months. The process of integrating the two companies will not start until the deal is consummated.
 
The Basics of the Acquisition

Revenues Fall 8.0% in July; 2020 Still on Track for 3.3% Growth, according to Semico IPI Report

Revenues in July fell -8.0% from June, right in line with the average decline for July over the last ten years of -8.1%. However, compared to July 2019, revenues grew 5.0% in July 2020. This marks the eighth consecutive month of single-digit YoY percent increases.  
 

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