Nvidia announced that it would buy ARM in 2020. In February, ARM announced that the acquisition was canceled due to disagreement. Samsung and Intel will allegedly partner to buy ARM.
Samsung and Intel in talks to buy ARM
Nvidia paid a $1.25 billion penalty for failing to make the $40 billion purchase announced in 2020. After the failed attempt, Intel CEO Pat Gelsinger announced in February that they would be partners in the acquisition.
It is stated that Samsung Electronics Vice President Lee Jae-yong and Intel CEO Pat Gelsinger held a meeting for ARM on May 30. According to the published report, Samsung will include ARM technologies in Exynos processors.
Samsung wants to become the leading manufacturer in the chip market by 2030. It is included in the report details that Samsung will have to compete with SK Hynix, Intel and Qualcomm in this process. It is estimated that these companies will join forces by forming a consortium.
Samsung has announced that it will stop production of LCD panels. Analysts state that the company is taking a break from LCD panel work to focus on chip production.