SoftBank became a major chip industry player in 2016 when it paid $32 billion to buy Arm. It took the chip designer public in 2023 but retains a majority stake. U.K.-based Arm sells popular processor designs that underpin most handsets, connected devices and a growing number of data center systems.

SoftBank Group Corp. and its majority-owned Arm Holdings Plc are exploring a deal for Ampere Computing LLC, according to people familiar with the matter.

Japanese technology investor SoftBank Group and its majority-owned Arm Holdings are exploring a deal for Oracle -backed semiconductor firm Ampere Computing, a person familiar with the matter said on Wednesday.

Arm and its owners SoftBank are reportedly looking to acquire Ampere Computing. According to a report from Bloomberg, “strategic options” are being explored with regards to a proposed takeover.

Ampere, a semiconductor designer leveraging Arm's technology, was valued at $8 billion during a proposed minority investment by Japan’s SoftBank in 2021

SoftBank (OTCPK:SFTBY) and its majority-owned subsidiary, Arm Holdings (NASDAQ:ARM), are exploring a potential acquisition of Oracle (ORCL)-backed semiconductor company Ampere Computing, Bloomberg reported on Thursday,