SoftBank announced Sunday that it is selling Arm, whose chip designs power most modern phone processors, to Nvidia for $40 billion in cash and stock.
Why it matters: The move — reportedly the most expensive deal in the history of chip industry — will give Nvidia control of the company behind the core chip designs used by Apple, Qualcomm and others.
Microsoft on Sunday night announced via a blog post that its takeover offer for TikTok's U.S. operations has been rejected by TikTok's parent company, China's ByteDance.
Next up: Oracle is the only publicly known bidder left for TikTok U.S., which soon faces a White House deadline to either agree to a deal or be banned.
Oracle has leapfrogged Microsoft as the most likely buyer of TikTok's U.S. operations, according to multiple sources familiar with the process. But the situation remains very fluid, including the possibility of no deal at all.
[Update: Several hours after this story was published, Microsoft announced via blog post that its takeover offer has been rejected.]
Key questions: What exactly is for sale, and could President Trump accept a deal in which some of TikTok's core technology remains with Chinese parent company ByteDance?
The technology industry has long advocated for access and expansion of H-1B visas for skilled foreign workers and has been vocal about its disdain for President Trump's moves to curb them.
The big picture: Denial rates for H-1B visas for tech companies have gone up significantly during Trump's first term, according to government data compiled by the National Foundation for American Policy (NFAP).
