Japan’s SoftBank drops sale of Arm to Nvidia

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It has been a tough quarter for the world’s biggest tech investor and there may be more turbulence for Japan’s SoftBank Group. In the October to December quarter, the Japanese tech investor’s net profit was US$251 million, compared to a record profit of more than US$10 billion a year earlier. SoftBank’s results come after its announcement to end the sale of chip designer Arm to Nvidia. The collapse is a major setback as the deal would have been the largest in the chip industry.

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