According to foreign media reports, Softbank Group of Japan plans to offer as much as 23.4 billion pounds (about 31 billion dollars) to acquire British chip design giant ARM. It is rumored that two insiders said that the transaction is expected to be officially announced on Monday. Softbank's offer was £ 17 per share, a 43% premium to ARM's closing price last week.

ARM specially designs chips and chip modules. The well-known Apple A9, Qualcomm Snapdragon 820, Samsung Exynos 8890, and MediaTek public processors are all based on the design improvement of ARM design. ARM is also one of the most famous chip design manufacturers in the world, mainly selling the licensing of chip design technology. The company's current market capitalization is about $22 billion. ARM is a joint venture jointly held by Apple, Nokia, Acorn, VLSI, Technology and other companies.