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Arm CEO says Nvidia merger better than becoming standalone public company

By Stephen Nellis (Reuters) - Nvidia Corp s proposed $40 billion acquisition of Arm Ltd would better support the creation of UK technology jobs than the SoftBank Group Corp unit becoming a standalone public company once again, Arm s chief executive said on Friday. We contemplated an IPO but determined that the pressure to deliver short-term revenue growth and profitability would suffocate our ability to invest, expand, move fast and innovate, Arm CEO Simon Segars wrote in a blog post https://www.arm.com/blogs/blueprint/arm-nvidia. Combining with Nvidia will give us the scale, resources and agility needed to maximize the opportunities ahead, Segars wrote.

Arm CEO says Nvidia merger better than going public

3 Min Read FILE PHOTO: The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan May 30, 2017. REUTERS/Tyrone Siu/File Photo (Reuters) - Nvidia Corp’s proposed $40 billion acquisition of Arm Ltd would better support the creation of UK technology jobs than the SoftBank Group Corp unit becoming a standalone public company once again, Arm’s chief executive said on Friday. We contemplated an IPO but determined that the pressure to deliver short-term revenue growth and profitability would suffocate our ability to invest, expand, move fast and innovate, Arm CEO Simon Segars wrote in a blog post here.

British jobs at risk if Nvidia takeover is blocked, Arm boss warns

British jobs at risk if Nvidia takeover is blocked, Arm boss warns
telegraph.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraph.co.uk Daily Mail and Mail on Sunday newspapers.

Arm CEO Denounces IPO Chatter, Says NVIDIA Acquisition Is Critical Path Forward

Arm CEO Denounces IPO Chatter, Says NVIDIA Acquisition Is Critical Path Forward
forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.

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