Nvidia has expressed interest in acquiring Arm, according to a report from Bloomberg.
The news site's sources are anonymous and suggested that there may be other possible bidders. They also claimed that Arm parent company SoftBank may ultimately opt to sell shares of the company on the public market.
I can see the potential benefits (Arm side getting stronger position on cloud, AI, reference Arm design gets better GPU than Mali) but I think the price of acquisition far outweighs those benefits, and none of those benefits actually requires acquisition itself.
The Tegra X1 in tablets & chromebooks is a decently powerful little chip. Makes sense that with as many of these modern SOC's that Nvidia is having produced for customers they'd find value in buying up a CPU manufacturer. Mostly this type of acquisition is for patents and currently pipelined r&d products.
I spent time working for a fortune 50 company that bought up basically any other company that had any designs or patents in the paper making sector. And my job was to convert from paper copies of engineering drawings to SAP material master documents, effectively digitizing 100 years worth of engineering work. You'd be equally amazed and baffled at how little the company cared about buying up another 500 million dollar company just for their drawings to sit in a basement..