SoftBank Group has completed the acquisition of all equity interests in Ampere Computing. The deal makes Ampere a wholly owned subsidiary of SoftBank and brings the semiconductor firm into SoftBank’s consolidated financial statements.
SoftBank carried out the takeover through its subsidiary Silver Bands 6 (US) Corp. The company said it is reviewing the financial impact of the transaction and will disclose details if required.
Ampere, a Santa Clara based semiconductor design company, focuses on AI compute built on the ARM platform. This comes just after the Japanese giant sold all its NVIDIA shares earlier this month.
SoftBank had first announced its plan to acquire Ampere on March 20 for $6.5 billion. In that statement, SoftBank said the transaction would make Ampere “an indirect, wholly owned subsidiary” once closed and would support its broader AI strategy.
SoftBank had also noted that Ampere could complement the chip design work of Arm.
The deal was subject to US antitrust clearance, approval by the foreign investment committee and other closing conditions.
Ampere was founded in 2017 by Renée J James, its chairman and CEO. The company designs processors for cloud computing and AI workloads. Its earlier financials in the attached document show revenue of $151.8 million in 2022, $46.7 million in 2023 and a further decline the following year, along with continued losses.
SoftBank said in the new update that Ampere’s results will now be consolidated and that it will provide further disclosures if any arise from the review of the financial impact. The company also said, “Should any matters requiring disclosure arise in the future, SBG will announce them promptly.”
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