SoftBank Explored Taking Over US Chipmaker Marvell To Merge With Arm: Report - Advanced Micro Devices (NASDAQ:AMD), ABB (OTC:ABBNY)

SoftBank Group Corp. (OTC:SFTBY) explored a potential takeover of U.S. chipmaker Marvell Technology Inc. (NASDAQ:MRVL) earlier this year, with the idea of combining it with Arm Holdings (NASDAQ:ARM), the UK chip designer that it controls, according to a report.Hardware Bet Amid AI BoomThe Japanese conglomerate’s CEO, Masayoshi Son, has been studying Marvell as a possible target on and off for years in a bid to beef up SoftBank’s hardware bet that can benefit from the artificial intelligence (AI) boom, Bloom ...