SoftBank buys chipmaker Ampere Computing for $6.5 billion, deepening AI bet
The HinduJapanese technology investor SoftBank Group is accelerating its move into chip technology companies with the $6.5 billion purchase of Ampere Computing, a U.S. chip startup founded by the former president of Intel. Ampere makes data center central processing unit chips based on a computing architecture from SoftBank's majority-owned Arm Holdings that are used by firms such as Oracle in their cloud computing infrastructure. Founded in 2018 by Intel veteran Renee James, Ampere built CPUs with its own custom computing core technology, a step usually only taken by much larger firms like Apple or Qualcomm. Under SoftBank's ownership, Ampere will be a stable mate of Arm in the Japanese conglomerate's growing collection of chip technology companies that are boosting their focus on AI.
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