Nvidia has announced its plan to acquire Arm Limited from SoftBank Group Corp. in a transaction valued at $40 billion. The acquisition aims to create the premier computing company for the age of artificial intelligence, combining Nvidia's AI computing platform with Arm's vast ecosystem. Nvidia plans to expand Arm's R&D presence in Cambridge, UK, and continue Arm's open-licensing model. The transaction is expected to be immediately accretive to Nvidia's non-GAAP gross margin and non-GAAP earnings per share.