SoftBank to buy UK chip designer ARM for around $32 billion: source

Japan's SoftBank Group Corp is set to agree a deal to buy British chip designer ARM Holdings PLC for around $32 billion, a source familiar with the deal said, adding an announcement could come later in the day. ARM, the most valuable tech company listed in London, is a major presence in mobile processing, with its processor and graphics technology used by Samsung , Huawei [HWT.UL]and Apple in their in-house designed microchips. SoftBank could not immediately be reached for comment.