The US technology giant Qualcomm has opened the door to a rival investment in Arm if the British microchip company's $40bn (£28bn) sale to Nvidia is blocked. Cristiano Amon, Qualcomm’s incoming chief executive, told The Telegraph it would be prepared to buy a stake in Arm alongside a consortium of industry players if owner SoftBank were to float the company instead of selling it to Nvidia. Nvidia hit back at the suggestion, saying an IPO would hold back Arm's development. Qualcomm and companies
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On Friday, NVIDIA (NASDAQ: NVDA) ended its week with the announcement of a pending acquisition. The company said it had reached an agreement to acquire DeepMap, a privately held business that specializes in creating high-definition maps to help guide autonomous cars. NVIDIA did not reveal the price it has agreed to pay for the company.