Report: Nvidia set to officially terminate its Arm purchase

By Axios

Nvidia is set to pull the plug on its planned purchase of Arm from SoftBank amid significant concerns from both regulators and a number of Arm's current customers, the Financial Times reports.Why it matters: While it doesn't manufacture processors, or even design entire chips, Arm's processor cores are widely used in everything from smartphones to cars to networking gear.Get market news worthy of your time with Axios Markets. Subscribe for free.Catch-up quick: Nvidia, which is among the companie

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