Friday, 24 March, 2023

SK Hynix considers forming group to buy chipmaker, Arm

<p>Nvidia&rsquo;s failed $40B buyout led to the restructuring of Arm ahead of their planned IPO which meant that Arm lost 15% of its workforce. New reports said that SK Hynix was exploring the idea of forming a consortium to acquire Arm. Vice-Chairman of SK Hynix believed that it is not possible for a single company to buy Arm, but he still wants control due to its strategic importance. A company spokesperson said that the idea is still under review and nothing is confirmed.</p>