Internet of things. Check.
World class. Check.
Nvidia has announced it will buy UK chip-designer Arm. A Monday statement from Nvidia and Arm’s current owner SoftBank says the transaction will be valued at $40bn. Nvidia is not buying Arm's Internet-of-Things services, we note. Arm will remain headquartered in the UK and its brand and business model will persist. Arm, which …
I discovered exactly how reduced that instruction set is the other day when looking at the compiled code for one of my pixel shaders.
It turns out there isn't even an instruction for subtracting two numbers. Instead the compiler generated a negate instruction followed by an add instruction.
I reckon he's betting big on graphcore in the way that only somebody with the smallest possible understanding of the dynamics of the semiconductor industry would.
If he was serious he would be bribing TSMC to set up a Fab in the UK and offering state-aid by the bucketload - just like a couple of small countries do to build broad yet world-class semiconductor ecosystems
AI “will expand computing to every corner of the globe. Someday, trillions of computers running AI will create a new internet — the internet-of-things — thousands of times bigger than today’s internet-of-people,”
To be read in the voice of Big Brother from the 1984 Apple ad.
Please, somebody shoot him .. or me.
Nvidia's *REVENUE* was only $11 billion last year. ARMs was under $2 billion.
So 10% of that share ~$1.3 billion, and from that you have to cover $21 billion in future profits?
Methinks they'll exit their position as fast as they can while the Fed is propping up the stock market before the fed funny money bubble pops.
It's only $ 12 bn cash, the rest is stock, which given how tech stocks have performed this year, is a bargain for nVidia. SoftBank had to sell because even more of Son's bets have soured recently: this month a whole heap of his options went bad which is why investors took fright.
Softbank paid $32 billion for ARM, I think they overpaid. How did they think they were going to add value to ARM beyond all its licensees already?!
My view is this is a stock play for them, Fed will have to keep pumping dollars in because Corona Virus isn't tackled, so they will have no choice. Softbank will sell off portions as best they can and move the investments elsewhere.
Perhaps more into big pharma:
Trump's hired that Fox News "Dr Pundit" to push "Covid herd immunity". He'll spread it so widely it mutates so much that USA will never have an effective vaccine. It'll be like the Flu, you'll be a year behind on the vaccine forever chasing the latest strain. Each year having to pay out for the newest vaccine to reduce your chance of death.
If you develop vaccines, that turns a one off catastrophe into a ongoing revenue stream with captive customers.
It's difficult for me to believe that Trump told Bob Woodward the truth on tape, and yet didn't also tell his Fox News 'friends' in his many private meetings with them. Are you seriously telling me he confessed to Bob Woodward, yet continue to push the lie to his buddies at Fox News? I don't believe so. I think he told them the truth too.
Fox News really engineered this situation. Remember "its only the flu" to delay action, and the "cure is worse than the disease" to end the lockdown too soon? Now you know that Trump must have told the truth about the death rate and infection rate to his Fox News buddies, it makes you wonder why they spent do much effort undermining disease control.
Fox ran with the lie to their viewers instead of revealing the truth.
Softbank are taking nVidia stock at their current silly inflated value.
The reason stocks are so inflated is because the Fed is printing money like crazy to help prop up the stock market.
The reason the Fed is printing money like crazy is because of Covid.
The reason the Fed will continue to print money is because Coronavirus is intentionally being spread because of a Fox New pundit promoting a false "herd immunity narrative"
The reason Pharma will do well out of it is because, the more it spreads the more it mutates, the less chance you can control it with a vaccine.
Softbank are a business, at the end of the day, they can probably see that too.
What part of it do you want me to cover up? Because in that version I omitted the word "Trump" that clearly triggered you.
" is because Coronavirus is intentionally being spread"
...by fucking morons, inept leaders, and people not completely understanding the gravity of the situation and doing dumb things like working from home for the afternoon (having spent the morning in the office).
There. Fixed that for you.
Still don't see what it really has to do with Nvidia and ARM though.
So how low a mortality rate must a virus have before we let it spread naturally? The more we delay the spread, the longer it hangs around, threatening our liberties and economies. Herd immunity ends the pandemic.
A recent headline says the WHO claim the mortality rate is 0.6. So if 0.6% of the world population dies from Covid, that's less than the % that normally die every year, and this virus has been spreading for over 9 months already.
Who benefits if we prevent it spreading? Someone who wants to sell us perpetual vaccines and immunity passports.
THERE. WILL. NEVER. BE. NATURAL. HERD. IMMUNITY. FROM. THIS. VIRUS.
It will not and cannot happen. We already know that natural immunity to this virus fades in MONTHS, not years or decades.
The ONLY way this virus goes away is with a vaccine, because that's the only way herd immunity will EVER be achieved.
Meanwhile, this virus doesn't just kill outright (and direct mortality rate is closer to 2% than 0.5%). This virus is doing damage that will cause lifetime health problems for survivors.
Look, if you want to off yourself, go for it. But there are easier ways than spreading this virus.
The Fed, along with most central banks, has had excessively loose monetary policy for over ten years now. Yes, it's got even looser this year, but tech companies have been taking advantage of it for years.
Softbank has been in a hole since a couple of its big bets: Uber and WeWork didn't go as well as planned. nVidia is just one of the many companies taking advantage of Softbank's fire sale and cheap debt. So, it was Softbank's own failings that have forced it to sell ARM.
It was shown years ago that people who watch Fox News are generally less well informed than people who watch no news. They've had quacks on there for years. But on the other side of the street you've got well-educated middle class dweebs in California up in arms about vaccination in general: spikes in measles infections have nothing to do with the Orange Idiot in Chief. Or, for that matter, the Federal Reserve.
But that is obvious. No US company would fail to do basic due diligence when purchasing a UK-based technology company. .... DavCrav
And if they were so negligent, would it be prosecuted diligently as criminal neglect for which they would be liable to pay market regulators [for they always love a piece of the action]/shareholders/investors punitive compensation, or would they dispute that requirement and try to wriggle free from their responsibility and accountability and flame and blame everyone/someone else for their failure and misfortune and incur further exorbitant pecuniary penalties/costs in the process?
One would almost think they would thinking to take and make out everyone but themselves are great fools and useless tools ..... which is not a good look to be peddling/pumping and dumping.
There's a reasonably good writeup by the BBC this morning, which also includes comment from - shall we say - somewhat less than ecstactic Hermann Hauser and Tudor Brown. Can't say I'd heard of Tudor before this. My bad.
I didn't like the original Softbank deal, but selling the company to nVidia - which directly competes with some of ARM's customers and is a US firm subject to the whims of the current administration - has the potential to be so much worse.
and is a US firm subject to the whims of the current administration - has the potential to be so much worse.
On the other hand...
"and is a UK based firm subject to the whims of the current administration, with it's cavalier approach to international treaty obligations, has the potential to be so much worse."
"How long before ARM is added to the list of technologies that China is not allowed to use?"
They don't need to be - without the fabs to produce the cutting edge designs, China are already effectively prevented from using ARM's latest designs as China is limited to using 28nm+ fabs. While there are some very low volume options at 16nm, they are unlikely to provide any significant volume in the immediate future (i.e. 2020/2021)
While ARM is still a little way ahead of RISC-V in terms of optimisations for older 28nm+ designs, its likely to either slow ARM customers moving to RISC-V or stop them completely until the sanctions are lifted. As two thirds of the revenue in semiconductors is in the <28nm space, this likely benefits ARM long term.
guess who has a design centre in Cambridge?
Yes folks, the company that everyone (well almost everyone) wants to sue out of business.
I'd guess that the business of suing Apple might be worth more than the GDP of some countries.
Don't ya just love lawyers... (not)
BBC coverage is focusing on least important issues on purpose. This is a major issue for the anti trust and the British Authority should block the agreement. But, if the BBC article is a signal of the attitude they'll meet in the UK I suspect that the British authorities will will turn a blind eye or will just play a mock role.
Forget the current administration, consider NVidia's current CEO. This is a company that has burned many bridges. There is a reason why Apple stopped using NVidia for their computers, and it had nothing to do with the defective NVidia chips on Apple laptops. The company has a history of being a bully. Of all the companies that considered to buy ARM, NVidia is perhaps the worst. I hope both the British and America regulators put a stop to this.
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