SoftBank Acquires the Chip Developer Ampere Computing for $6.5 Billion

Ampere will retain its name and operate as a wholly-owned subsidiary of SoftBank. SoftBank has signed a contract to purchase the US chip developer Ampere Computing Holdings for $6.5 billion. This marks the latest investment in a series aimed at advancing its initiatives in artificial intelligence. SoftBank is making significant moves in AI The acquisition of Ampere by the Japanese technology investment firm will enhance the company's AI capabilities, the companies announced late Wednesday. The transaction coincides with the launch of a massive...