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September 6, 2016

SoftBank, ARM promise ‘happiness and joy’ after closing £24bn acquisition

CEOs Masayoshi Son and Simon Segars set out their shared vision for the future in a co-authored article.

By Ellie Burns

Softbank has completed its £24bn acquisition of UK chipmaker ARM, with the CEOs of both companies celebrating the closing of the deal with a co-authored article promising happiness and joy for all.

SoftBank Chairman and CEO Masayoshi Son joined with ARM CEO Simon Segars to paint a future defined not just by revenue, but by the impact on normal people.

“Neither of us define success simply by the number of chips shipped, people connected or revenues earned. We believe that technology should advance for the benefit of humanity.” Wrote the CEOs.

“Put another way, we believe that by harnessing the true potential of what SoftBank calls the Information Revolution, we can contribute to people’s happiness and joy, and to the future of the world. This is perhaps a bold proposition, but one that cuts right to the core of what technology can deliver.”

The commitment to IoT was made clear by both CEOs, with both companies believing that the Internet of Things is the next paradigm shift in the Information Revolution. Both companies will work to deliver products and innovations for the connected world, with SoftBank committing to investing in expanding ARM technology.

“Together, we will continue to expand the technology that ARM offers through an even greater focus on research and development across the range of our processor designs, systems and software, physical IP, security technologies, wireless and smart connected platforms.”  Masayoshi and Segars said in the article.

The two bosses were quick to reassure staff, assuring that ‘change of ownership does not mean a change in direction.’ ARM’s senior team will remain the same and the company will stay true to its roots, as an advanced engineering company.

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The two tech bosses ended the article by promising that the two companies will together write a new chapter in the industry, promising innovations such as supercomputers and advanced robotics.

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