According to the British "Financial Times", Softbank has agreed to acquire British chip research and development giant ARM for £23.4 billion. Softbank will pay £17 in cash per share of ARM stock, a 43% premium to ARM's last week's closing price.
The New York Times reported that the deal is nearing completion.
This is the first big deal after the Brexit referendum. Although the referendum has raised concerns about the operation of British companies, ARM, as a leader in the chip industry, has its main income in the form of US dollars, and the referendum has little impact on it.
However, the British referendum caused the pound to plunge. In the past year, the pound fell against the yen by 28%, which made ARM a more attractive target.
Softbank has invested in more than 600 companies worldwide and has a majority stake in more than 300 major IT companies worldwide. In 2000, Softbank invested US$20 million in Alibaba. Today, this part of the market has reached US$65 billion. In 2006, Softbank acquired US$5 billion in Vodafone’s Japanese business, and Softbank became the third largest mobile operator in Japan.
Little-known world giant
ARM is engaged in low-cost, low-power, high-performance chip development, and 99% of smartphones and tablets worldwide use ARM architecture. All iPhones and iPads use ARM chips, and most Kindle readers and Android devices use this architecture.
But ARM neither produces chips nor sells chips, it only sells chip technology licenses. Although almost all smartphones in the world use the company's chip design, on average, for every such mobile phone sold, ARM can only get 1 cent, while Intel's chip unit revenue is as high as tens to hundreds of dollars. Wait.
In December 1978, physicist Hermann Hauser and engineer Chris Curry founded the Cambridge Processing Unit in Cambridge, England, to supply electronic equipment to the local market. In 1979, the CPU company was renamed Acorn Computer Corporation.
At first, Acorn plans to use Motorola's 16-bit chip, but found the chip too slow and too expensive. They turned to Intel for the design information of the 80286 chip, but they were rejected, so they were forced to develop it themselves.
In 1985, the team led by Acorn's Roger Wilson and Steve Furber designed their own first-generation 32-bit, 6M Hz processor, which they used to make a RISC instruction set computer, referred to as ARM (Acorn RISC Machine). . This is the origin of the name ARM.
The full name of RISC is "reduced instruction set computer", which supports simple instructions, so the power consumption is small and the price is cheap, which is especially suitable for mobile devices. A typical device that used ARM chips early was Apple's Newton PDA.
In the late 1980s, ARM developed Acorn's desktop products, which formed the foundation of computer education in the UK. On November 27, 1990, Acorn was officially reorganized into ARM Computer Corporation. Apple invested £1.5 million, chip maker VLSI invested £250,000, and Acorn itself invested £1.5 million in intellectual property and 12 engineers.
Softbank's acquisition
Founded in Japan in 1981 by Sun Zhengyi and listed in Japan in 1994, Softbank is a comprehensive venture capital firm focused on investments in the IT industry, including networking and telecommunications. Softbank has invested in more than 600 companies worldwide and has a majority stake in more than 300 major IT companies worldwide.
Prior to the news of the acquisition of ARM, Softbank had continued to sell its Alibaba shares, which paved the way for the acquisition.
In the first three days of June, Softbank’s reduction of Ali’s shares rose from 7.9 billion US dollars on the first day to 8.9 billion US dollars on the next day. By the third day, Softbank had already sold Ali shares and cashed in 10 billion US dollars. .
According to Wall Street, Softbank hopes to reduce its holdings of Ali shares to improve its balance sheet and create more flexibility for other strategic investments.
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