NVIDIA cleared out all shares of Arm that it held, after attempting to acquire the company five years ago.

Nvidia has sold all of its remaining shares of Arm Holdings. Arm is a chip architecture technology company that Nvidia attempted to acquire five years ago, but ultimately failed. According to a regulatory filing, Nvidia sold 1.1 million shares of Arm stock, valued at approximately $140 million based on Arm's closing price on Tuesday. The disposal took place at some point during the fourth quarter of last year, and after the transaction was completed, Nvidia's stake in Arm dropped to zero. Nvidia declined to comment, and Arm did not immediately respond to media requests for comment. This marks the end of a tumultuous saga between the two companies. Nvidia had agreed in 2020 to acquire Arm for $40 billion, which was expected to be the largest acquisition in the history of the chip industry. However, the deal was almost immediately met with opposition from regulatory agencies and customers. Arm's technology underpins the majority of advanced semiconductor chips globally, and its independence is seen as a crucial asset. In February 2022, the two companies announced the termination of the acquisition agreement. Arm, controlled by SoftBank Group, subsequently moved forward with plans for a public listing.