Skip to content
August 7, 2025
  • Facebook
  • Twitter
  • Instagram
  • Youtube
  • tiktok
MILLENNIUM NEWS 24/7

MILLENNIUM NEWS 24/7

Bridging The Community’s World Wide

  • Home
  • IP TV LIVE
  • PODCAST
  • U.S.News
  • LOCAL ELECTION
  • State News
    • Alabama
    • Alaska
    • Arizona
    • Arkansas
    • California
    • Colorado
    • Connecticut
    • Delaware
    • Florida
    • Georgia
    • Hawaii
    • Idaho
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Louisiana
    • Maryland
    • Massachusetts
    • Michigan
    • Maine
    • Minnesota
    • Mississippi
    • Missouri
    • Montana
    • Nebraska
    • Nevada
    • New Hampshire
    • New Jersey
    • New Mexico
    • New York
    • North Carolina
    • North Dakota
    • Oregon
    • Pennsylvania
    • Rhode Island
    • South Carolina
    • South Dakota
    • Tennessee
    • Texas
    • Virginia
    • Washington
    • West Virginia
    • U.S. Virgin Islands
  • Politics
  • World News
  • Sports
  • Entertainment
  • Weather
  • Business
  • Health News
  • ADVERTISEMENT
  • About Us
  • Contact us
Live TV

Japan’s SoftBank drops sale of Arm, plans IPO

TOKYO  — Japanese technology investor SoftBank said Tuesday its planned sale of the British semiconductor and software design company Arm to U.S. chip maker Nvidia has fallen through.

SoftBank Group Corp. said Tuesday it plans an initial public offering of Arm after the intended sale to Nvidia failed due to regulatory problems. It said the IPO would come sometime in the fiscal year ending in March 2023.

Rene Haas, a semiconductor industry veteran, was tapped as Arm’s new chief executive, replacing Simon Segars.

“With the uncertainty of the past several months behind us, we are emboldened by a renewed energy to move into a growth strategy and change lives around the world again,” Haas said.

SoftBank’s profit tumbled 98% in the quarter through December, as the value of its sprawling investments declined.

Net profit for the fiscal third quarter totaled 29 billion yen ($252 million), down from 1.17 trillion yen the previous year, the company said.

Arm, which SoftBank acquired in 2016, is a leader in artificial intelligence, IoT, cloud, metaverse and autonomous driving, with sales and profit growing in recent years. Its semiconductor design is widely licensed and used in virtually all smartphones, the majority of tablets and digital TVs.

Besides Arm, SoftBank owns stakes in various technology companies including the SoftBank mobile carrier, Yahoo web services provider, Chinese e-commerce giant Alibaba and vehicle-for-hire company Didi. SoftBank also takes part in funds that include other global investors called Vision Funds.

As a result, its financial results tend to be complex and varied. SoftBank has bought and then sold stakes in office-sharing venture WeWork, robotics company Boston Dynamics, mobility service provider Uber and mobile carrier Sprint, all American businesses.

SoftBank founder and Chief Executive Masayoshi Son, one of the most famous rags-to-riches successes in Japan’s business world, has repeatedly stressed that his decisions have proved sound in the long run. A graduate of the University of California Berkeley, he latched on to potential of the internet decades ago.

About Author

dreamboy

See author's posts

Continue Reading

Previous: Report: New strategy for opioids and a Cabinet-level leader
Next: Asian stocks mixed after Wall St falls amid rate hike unease

Related Stories

Profits drop at Warren Buffett’s Berkshire Hathaway as it writes down its Kraft Heinz investment

Profits drop at Warren Buffett’s Berkshire Hathaway as it writes down its Kraft Heinz investment

What consumers can expect from import taxes as the US sets new tariff rates

What consumers can expect from import taxes as the US sets new tariff rates

Trading a suit for boots and a hard hat: Behind the scenes at the Federal Reserve, mid-renovation

Trading a suit for boots and a hard hat: Behind the scenes at the Federal Reserve, mid-renovation

Entertainment

Lady Gaga leads 2025 MTV Video Music Awards nominations, followed by Bruno Mars and Kendrick Lamar 1

Lady Gaga leads 2025 MTV Video Music Awards nominations, followed by Bruno Mars and Kendrick Lamar

Ozzy Osbourne died of a heart attack, report says, citing death certificate 2

Ozzy Osbourne died of a heart attack, report says, citing death certificate

Flaco Jimenez, Texas accordionist who expanded popularity of conjunto and Tejano music, dies at 86 3

Flaco Jimenez, Texas accordionist who expanded popularity of conjunto and Tejano music, dies at 86

Jeannie Seely, soulful country singer behind hits like ‘Don’t Touch Me,’ dies at 85 4

Jeannie Seely, soulful country singer behind hits like ‘Don’t Touch Me,’ dies at 85

Justin Timberlake says he’s been diagnosed with Lyme disease 5

Justin Timberlake says he’s been diagnosed with Lyme disease

Martha’s Vineyard film fest returns with Black star power, bold storytelling and cultural legacy 6

Martha’s Vineyard film fest returns with Black star power, bold storytelling and cultural legacy

In ‘Sinners’ and his music, Buddy Guy is keeping the blues alive. It hasn’t been easy 7

In ‘Sinners’ and his music, Buddy Guy is keeping the blues alive. It hasn’t been easy

Top News

Protections of the Voting Rights Act are under threat as the law marks its 60th anniversary

Protections of the Voting Rights Act are under threat as the law marks its 60th anniversary

US is auctioning a seized $325M Russian superyacht with 8 state rooms, a helipad, a gym and a spa

US is auctioning a seized $325M Russian superyacht with 8 state rooms, a helipad, a gym and a spa

Homeland Security removes age limits for ICE recruits to boost hiring for Trump deportations

Homeland Security removes age limits for ICE recruits to boost hiring for Trump deportations

5 soldiers shot at Army’s Fort Stewart in Georgia, base reports

5 soldiers shot at Army’s Fort Stewart in Georgia, base reports

  • Home
  • About Us
  • Facebook
  • Twitter
  • Instagram
  • Youtube
  • tiktok
Editor: Nur M Tofader, Home Office: 250 Park Avenue, 7th Floor, New York, NY 10177 Tell: 718 893 0002 (Office), 7188441300, +1212 401 6266, e-mail: Info@millenniuamtv24.com, e-mail: Info@millenniuamnews24.com, Copyright © Millennium News 24/7 | DarkNews by AF themes.