covering the week's top tech stories with a slight linux bias uk-based computer chip designer arm holdings is being sold to the american graphics chip specialist nvidia the deal values arm at 40 billion dollars four years after it was bought by japanese conglomerate softbank for 32 billion arm creates computer chip designs that others then customize to their own ends it also develops instruction sets which define how software controls processors arms technology is at the heart of most smartphones among many other devices including a majority of single board computers such as the raspberry pi odroid xu4 or rockpro 64 which also makes it the heart of pine 64's pine book bro pro arm will also power apple's new macbook lineup nvidia has promised to keep the business based in the uk to hire more staff and to retain arm's brand it added that the deal would create the premier computing company for the age of artificial intelligence california headquartered nvidia overtook intel to become the world's most valuable chip maker in july until now it is specialized in high-end graphics processing units these are commonly used by gamers to deliver more detailed visuals as well as by professionals for tasks including scientific research machine learning and cryptocurrency mining in our case we render all our video in real time using nvidia's cuda platform nvidia is also one of arm's clients using its designs to create its lineup of tegra central processing units under the terms of the deal nvidia will pay softbank 21.5 billion dollars in its own stock and 12 billion dollars in cash it will follow up to a further 5 billion dollars in cash or stock if certain targets are met nvidia will also issue 1.5 billion dollars in equity to arms employees you