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SoftBank could soon buy Renee James’ Ampere chip company for about $6.5B
And it's the latest in an ongoing saga over the company's future ownership.
Ampere, the semiconductor business founded by former Intel exec Renee James is reportedly on the cusp of selling itself to Softbank — the latest in an ongoing saga over the company’s future ownership. James’s idea was to make data center chips from low-energy ARM designs, a novel concept for its day. In October, however, Oracle disclosed in its annual report that it not only owned 29% of Ampere, but it held options and convertible notes that would allow it to commandeer a controlling stake of the company.
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