Nvidia overtakes Intel as most valuable U.S. chipmaker
Nvidia has for the first time overtaken Intel as the most valuable U.S. chipmaker.
In a semiconductor industry milestone, Nvidia's shares rose 2.3% in afternoon trading on Wednesday to a record $404, putting the graphic component maker's market capitalization at $248 billion, just above the $246 billion value of Intel, once the world's leading chipmaker.
[...] Despite Nvidia's meteoric stock rise, its sales remain a fraction of Intel's. Analysts on average see Nvidia's revenue rising 34% in its current fiscal year to $14.6 billion, while they expect Intel's 2020 revenue to increase 2.5% to $73.8 billion, according to Refinitiv.
Reflecting investors' optimism about Nvidia's future profit growth, its shares are currently trading at 45 times expected earnings, while Intel's trade at 12 times expected earnings.
TSMC and Samsung are more valuable than Nvidia.
In other news, Elon Musk is worth more than Warren Buffet.
Also at EE Times.
See also: Where did it all go wrong for Intel?
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Nvidia is reportedly in 'advanced talks' to buy ARM for more than $32 billion
SoftBank has been rumored to be exploring a sale of ARM — the British chip designer that powers nearly every major mobile processor from companies like Qualcomm, Apple, Samsung, and Huawei — and now, it might have found a buyer. Nvidia is reportedly in "advanced talks" to buy ARM in a deal worth over $32 billion, according to Bloomberg.
Nvidia is said to be the only company that's involved in concrete discussions with SoftBank for the purchase at this time, and a deal could arrive "in the next few weeks," although nothing is finalized yet. If the deal does go through, it would be one of the largest deals ever in the computer chip business and would likely draw intense regulatory scrutiny.
Previously:
(2020-07-12) Apple Has Built its Own Mac Graphics Processors
(2020-07-11) Nvidia's Market Cap Rises Above Intel's
(2020-06-11) ARM Faces a Boardroom Revolt as it Seeks to Remove the CEO of Its Chinese Joint Venture
(2019-10-29) Fed Up Of Playing Whac-A-Mole With Network Of Softbank-Owned Patent Holders, Intel Goes To Court
We had two submissions about this just-announced story.
Nvidia to buy Arm Holdings From SoftBank for $40 Billion
Nvidia to buy Arm Holdings from SoftBank for $40 billion
Chipmaker Nvidia has agreed to buy Arm Holdings, a designer of chips for mobile phones, from SoftBank in a deal worth $40 billion, the companies announced Sunday. The deal will include $21.5 billion in Nvidia stock and $12 billion in cash, including $2 billion payable at signing.
Softbank acquired Arm in 2016 for $31.4 billion in 2016 in one of its largest acquisitions ever. Arm is best known as the designer of an architecture used in chips in most mobile phones, including the Qualcomm chips used in most Android phones, as well as Apple's iPhone. Apple is also planning to shift its Mac computers from Intel chips to an Arm-based design.
Nvidia, whose chips are widely used to support graphics and artificial intelligence applications, including for self-driving vehicles, pledged that it would "continue Arm's open-licensing model and customer neutrality."
Interest in RISC-V set to skyrocket again.
Also at Bloomberg, The Verge, Tom's Hardware, and Wccftech.
Previously: Nvidia's Market Cap Rises Above Intel's
Nvidia Considering Acquisition of ARM for Over $32 Billion
(Score: 2, Funny) by Anonymous Coward on Saturday July 11 2020, @11:10PM
That's how you build a quality PC.
And a motherboard with high quality long-lasting capacitors.
And quality power supply.
And get divorced.
(Score: 0) by Anonymous Coward on Saturday July 11 2020, @11:27PM (1 child)
When that guy, Linguine, Fettuccine, whatever his name was, when he left, it was all downhill.
Long live Z80!
(Score: 2, Touché) by Anonymous Coward on Saturday July 11 2020, @11:45PM
It was shortly after they merged with Mossad and began to focus on data exfiltration instead of personal computing.