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Arm plans transfer of shares in China JV to speed up US IPO: FT

UK’s Arm Ltd. is planning to transfer shares in its Chinese joint venture to a SoftBank Group special purpose vehicle to speed up its initial public offering plans, The Financial Times reported on Wednesday, citing people familiar the matter. The share transfer, if successful, will leave the joint venture tied to Arm headquarters through a licensing agreement, instead of the ....

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Nvidia Moves In on Intel's Turf With Server Microprocessors


Nvidia Moves In on Intel s Turf With Server Microprocessors
Nvidia shares rise on word of its first server microprocessor, while rival Intel slides on the report.
Author:
Nvidia  (
NVDA) - Get Report said Monday that it is offering its first server microprocessors, a move that will further heat up the chipmaker s rivalry with Intel  (
At last check shares of Nvidia were up 3.7% to $597.42, while Intel dropped 4.8% to $64.96. Both are based in Santa Clara, Calif.
Nvdia said it will release its Grace server processor in 2023. It is designed to handle tasks like training artificial intelligence algorithms.
Stocks Down but Off Earlier Lows, Yields Creep Higher ....

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