financetom
Business
financetom
/
Business
/
FTC seeks more information about SoftBank's Ampere deal, Bloomberg News reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
FTC seeks more information about SoftBank's Ampere deal, Bloomberg News reports
Jul 1, 2025 7:00 PM

July 1 (Reuters) - The U.S. Federal Trade Commission is

seeking more details about SoftBank Group Corp's

planned $6.5 billion purchase of semiconductor designer Ampere

Computing, Bloomberg News reported on Tuesday.

The inquiry, known formally as a second request for

information, suggests the acquisition may undergo an extended

government review, the report said.

SoftBank announced the purchase of the startup in March,

part of its efforts to ramp up its investments in artificial

intelligence infrastructure.

The report did not state the reasoning for the FTC request.

SoftBank, Ampere and the FTC did not immediately respond to

a request for comment.

SoftBank is an active investor in U.S. tech. It is leading

the financing for the $500 billion Stargate data centre project

and has agreed to invest $32 billion in ChatGPT-maker OpenAI.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
iSun Restructures Executive Team
iSun Restructures Executive Team
Apr 23, 2024
05:26 AM EDT, 04/23/2024 (MT Newswires) -- iSun (ISUN) said on Monday that it has implemented a restructuring of its executive team, naming a new chief executive officer and an interim chief financial officer effective immediately. Jeff Peck was appointed as the company's chief executive, succeeding Robert Zulkoski, while Rob Vanderbeek will take over the CFO post on an interim...
Equity Bancshares Acquires KansasLand Bancshares
Equity Bancshares Acquires KansasLand Bancshares
Apr 23, 2024
05:39 AM EDT, 04/23/2024 (MT Newswires) -- Equity Bancshares ( EQBK ) said late Monday it has agreed to acquire KansasLand Bancshares, which operates two bank locations in Kansas. Financial terms were not disclosed. KansasLand had $55 million in consolidated total assets and $43 million in total deposits as of Dec. 31, 2023. ...
Mingteng International Closes IPO
Mingteng International Closes IPO
Apr 23, 2024
05:00 AM EDT, 04/23/2024 (MT Newswires) -- Mingteng International ( MTEN ) , an automotive mold developer and supplier in China, said it closed its initial public offering of 1.05 million ordinary shares at $4 apiece, with gross proceeds of $4.2 million. The ordinary shares began trading on the Nasdaq Capital Market on April 18 under the MTEN ticker symbol....
Scorpius Holdings Gets Non-Compliance Notice From NYSE American
Scorpius Holdings Gets Non-Compliance Notice From NYSE American
Apr 23, 2024
05:27 AM EDT, 04/23/2024 (MT Newswires) -- Scorpius Holdings ( SCPX ) said late Monday it received a notice from the NYSE American that it is not compliant with the exchange's listing rules for its failure to timely file its 2023 annual report on Form 10-K. The delay of the delinquent report was related to recent finance staff turnover, and...
Copyright 2023-2026 - www.financetom.com All Rights Reserved