If you need additional evidence that companies participating in the production of AI chips are striving to give themselves everything that they can, SoftBank adds to their institutional experience, buying the former president of Intel Renee James Ampere Computing. The conglomerate pays $ 6.5 billion in cash for the chips design.
Ampere, which James founded in 2018, first focused on cloud computing. No prizes for the guessing which area the company moved since then: “Sustainable AI calculates” according to Field
SoftBank relies on the fact that AmPere will support ARM research and development. Last month, it was reported that the hand that SoftBank also owns Field
“Since SoftBank Group expands its investments in AI infrastructure in enterprises such as Cristal Intelligence and Stargate, acquisition will help expand the capabilities of SoftBank Group in key areas and accelerate growth initiatives,” the report said. Ampere is going to maintain its name and work as a subsidiary, completely belonging, after the closing of the transaction, which is expected to occur at the end of this year in anticipation of the approval of regulatory authorities and other closing conditions.
“With a general vision of AI promotion, we are pleased to join the SoftBank group and a partner with his portfolio of leading technological companies,” said James, who is the general director of Ampeere. “This is a fantastic result for our team, and we are pleased to promote our Ampereone roadmap for high -performance processors and artificial intelligence.”