Summary:
- SoftBank Group has announced plans to acquire Ampere Computing, a leading provider of high-performance, energy-efficient server processors.
- The acquisition will strengthen SoftBank's position in the rapidly growing cloud computing and data center markets, as Ampere's technology is well-suited for powering energy-efficient cloud infrastructure.
- The deal is expected to close in the second half of 2023, subject to regulatory approvals and other customary closing conditions.