The biggest semiconductor deal in history should have been even bigger

The biggest semiconductor deal in history should have been even bigger

Nvidia’s planned planned acquisition of Arm Holdings is the biggest semiconductor deal in history. Japanese conglomerate SoftBank is offloading Arm, the British chip maker it bought four years ago, for $31.4 billion (also a record), which amounts to a return of about 27%. Arm’s relatively droopy valuation suggests it hasn’t been optimized under SoftBank’s ownership.