ARM Holdings is exploring a potential takeover of Ampere Computing, a semiconductor designer backed by Oracle, according to sources familiar with the matter. Ampere is also evaluating its strategic options, including a potential IPO. Discussions are ongoing and could still fall apart. Ampere, which designs chips using ARM technology, was valued at $8 billion in a 2021 investment by SoftBank. A deal would add to the wave of chip companies seeking to capitalize on the AI spending boom.
Ampere, the Oracle-backed semiconductor designer, has drawn takeover interest from ARM while exploring its strategic options, said the people, who asked not to be identified because the discussions were private.
Representatives for ARM and Ampere declined to comment. Spokespeople for SoftBank and Oracle didn’t immediately respond to requests for comment. A deal for Ampere, whose early backers also include Carlyle Group, would add to a wave of chip companies looking to capitalise on an AI spending boom. Oracle said last year that it owns 29% of the start-up and can exercise future investments options that would give it control of the chip maker.Though Ampere stands to benefit from the continuing AI frenzy, the market has grown more competitive, with several large tech companies rushing to develop the same kinds of chips that Ampere makes.
SEMICONDUCTOR ARM AMPLERE TAKEOVER AI TECH
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