Japan's Softbank will buy U.K. designer of chips that power most smartphones

Monday, July 18, 2016 - 10:31 in Mathematics & Economics

Japanese technology company SoftBank Group Corp. is buying Britain's ARM Holdings for 24.3 billion pounds ($40.2 billion), in a deal the British government hailed Monday as a vote of confidence in the country following last month's vote to leave the European Union.

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