| Cult of Mac

Nvidia scraps $66 billion plan to acquire mobile chip designer Arm


FTC moves to block Nvidia's acquisition of Arm
Regulators didn't like the idea of Nvidia and Arm merging together.
Image: Arm/Nvidia/Cult of Mac

Nvidia on Monday backed out of a deal to acquire mobile chip designer Arm for $66 billion, according to reports. It would have been the largest ever sale in the semiconductor industry, but regulators including the FTC weren’t keen on it.

SoftBank, the Japanese company that currently owns Arm, still expects to sell it by the end of the year through an initial public offering.

Apple held early conversations about buying Arm, but ultimately declined


Apple Silicon
Apple has relied on Arm technology a lot over the years.
Photo: Apple

Apple reportedly participated in early stage conversations with SoftBank about acquiring its Arm Holdings.

Arm Holdings is the semiconductor conductor whose ARM architecture Apple licenses for everything from its A-series chips for iPhone and iPad to its upcoming Apple Silicon processors for Mac.

Apple-backed startup fund loses $8.9 billion in 3 months


International governments plan to rethink tax rules for the ‘digital age’
Apple invested $1 billion in the fund in 2017.
Photo: Pixabay/Pexels CC

A $100 billion SoftBank Vision Fund that Apple invested in has published a quarterly loss of $8.9 billion. The fund backs promising (or seemingly promising) startups.

SoftBank Group founder, chairman and CEO Masayoshi Son announced the disappointing returns today. “My investment judgment was poor,” Son said.

We probably know when Apple will introduce the iPhone 11


iPhone 11R and 11 Max on wooden railing
You haven't got too much longer to wait!
Photo: Ian Fuchs/Cult of Mac

The iPhone 11 could be in your hands in just 45 days, the president of Japanese telecommunications company SoftBank may have accidentally revealed.

Speaking at an investor event over the weekend, SoftBank President Ken Miyauchi suggested that the new iPhone will be available September 20.

How Apple sidestepped Japan’s antitrust rules


Apple Japan required carriers to subsidize iPhone
Apple Japan used contracts to require carriers to subsidize iPhone prices.
Photo: Apple

Apple got a bit pushy with Japan’s wireless service providers, and was slapped down by regulators as a result.

The iPhone maker was requiring the carriers to put subsidies on iOS handsets. The Japanese Fair Trade Commission decided that was a violation of Japan’s antitrust rules.

T-Mobile and Sprint begin informal merger talks


T-Mobile CEO John Legere is trying to make is carrier relevant again.
Photo: T-Mobile

A merger between Sprint and T-Mobile could be back on the table, according to a new report that claims informal talks between the two carriers sparked up again this week.

Sprint attempted to acquire T-Mobile back in 2014 but the deal fell apart because of regulatory concerns. Now the heads of both companies have expressed to investors that they’re willing to consider consolidating again.

Apple invests $1 billion in world’s biggest tech fund


tim cook in a car
Apple invested $1 billion in Didi Chuxing last year.
Photo: Tim Cook/Twitter

Apple confirmed today that is getting into the venture capital game by investing in one of the world’s largest tech funds.

SoftBank’s new Vision Fund received $1 billion from Apple, according to a company spokesperson that revealed the company is investing in the $100 billion fund to gain access to future technology.

iPhone chip designer ARM to be snapped up for $32 billion


ARM just sold for an arm and a leg.
Photo: Ste Smith/Cult of Mac

ARM Holdings, a.k.a. the company responsible for the mobile processor architecture which powers the iPhone and iPad, looks set to be bought by Japan’s SoftBank for an eye-watering (iWatering?) $32 billion, it has confirmed.

ARM’s board will recommend that shareholders accept the deal, which represents 43 percent over the company’s closing market value as per Friday. The news caused shares in ARM to leap up by 45 percent to 1,742.85p per share when the London Stock Exchange opened this morning.