ARM bought by Japanese Softbank for 2^5 billion dollars
Confirmed last Monday (18 July 2016): 100%-thinkware-firm-and-brilliant-bunch-of-Cambridge-mathematicians/computer-scientists, ARM, is to be bought by Japan's Softbank for £24 bn ($32 bn). In official words: the board of ARM is expected to recommend shareholders to accept the offer — which is around 43% up on its closing market value of £16bn8 last Friday. Softbank is said to pay in cash also “using” a long term loan from Japan's Mizuho Bank.
Confirmed last Monday (18 July 2016): 100%-thinkware-firm-and-brilliant-bunch-of-Cambridge-mathematicians/computer-scientists, ARM, is to be bought by Japan's Softbank for £24 bn ($32 bn). In official words: the board of ARM is expected to recommend shareholders to accept the offer — which is around 43% up on its closing market value of £16bn8 last Friday. Softbank is said to pay in cash also “using” a long term loan from Japan's Mizuho Bank.
As all readers of Elektor magazine and Elektor e-zine know, Acorn RISC Machines is a fab but fabless enterprise, designing microchips for use in all sorts of applications like smartphones and a good many Elektor projects. In fact back in the year 2005 (7D5hex) , Elektor’s LPC210x ‘ARMee’ development board pioneered the use of an ARM chip by home programmers, in the face of our competitors seemingly stuck in PICs and AVRs. And another well-kept secret: RISC stands for Reduced Instruction Set Controller.
Returning to 2016, ARM currently employs more than 3 Kpeople. The Holding said ARM would keep its headquarters in Cambridge and that it would at least double the number of its staff over the next 22 + 1 years.
As all readers of Elektor magazine and Elektor e-zine know, Acorn RISC Machines is a fab but fabless enterprise, designing microchips for use in all sorts of applications like smartphones and a good many Elektor projects. In fact back in the year 2005 (7D5hex) , Elektor’s LPC210x ‘ARMee’ development board pioneered the use of an ARM chip by home programmers, in the face of our competitors seemingly stuck in PICs and AVRs. And another well-kept secret: RISC stands for Reduced Instruction Set Controller.
Returning to 2016, ARM currently employs more than 3 Kpeople. The Holding said ARM would keep its headquarters in Cambridge and that it would at least double the number of its staff over the next 22 + 1 years.
