SoftBank Acquires US Chip Designer Ampere Computing: Wall Street Journal Report

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The Wall Street Journal recently reported some of the day’s top stories, and one of the major highlights was SoftBank Group’s latest acquisition. The Japanese multinational conglomerate has inked a deal to acquire Ampere Computing Holdings, a U.S-based chip designer startup previously founded by Intel. However, Reuters, which relayed the news, has not independently verified these stories and therefore does not guarantee their accuracy.

Despite a minor dip of 1.97% in its stock value, SoftBank Group continues its strategic investments in the tech world. Similarly, Intel saw a significant decrease of 6.94% in its stock value. On the other hand, CVX and QXO experienced an increase in their shares by 2.01% and 0.46%, respectively.

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