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Arm co-founder: Nvidia sale is because Softbank over-invested in firm
tech.newstatesman.com, Aug. 17, 2020 –
Co-founder and ex-president of Arm Holdings Tudor Brown says that SoftBank's projected sale of the chip company to Nvidia is the result of a bungled business strategy that saw the fund throw too much money at Arm and prioritise the wrong business areas.
The Cambridge-based company was bought by SoftBank four years ago for $32 billion. But flatlining revenue growth at Arm and a recent rocky period at SoftBank's Vision Fund mean it's now in talks to sell Arm to American computing firm Nvidia for $32 billion, according to the Financial Times.
"In my opinion, they put too much money into it, spent money on things that clearly – in my opinion – weren't going make money in the short term, and now, suddenly, they're saying, 'Oh, dear me, this company isn't performing very well'," says Brown.
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