Nvidia has sold off its remaining stake in Arm, netting approximately $140 million from the sale of 1.1 million shares.

Per a regulatory filing by the chip giant, the sale occurred in the fourth quarter of 2025.

Nvidia has held shares in Arm since the British chip designer floated on the stock market in 2023, a year after the former’s proposed purchase of Arm collapsed due to regulatory pressure.

The acquisition was first announced in September 2020 for a price tag of $40 billion in cash and Nvidia shares, a valuation that rose to nearly $60bn with the GPU firm’s improving market share.

However, regulators and critics claimed that the acquisition would harm competition, particularly in the data center server sector, with governments in the UK, EU, and China all opening investigations. In December 2021, the FTC sued to stop the purchase.

In July 2025, Arm CEO Rene Haas confirmed the company was looking to develop its own chips during its Q1 2026 earnings call at the end of July, a move which marks a departure from Arm’s traditional business model of designing and then licensing out its chip IP to companies, including Apple, Google, Microsoft, Nvidia, and Qualcomm.

A month later, the company hired Amazon’s AI chip director, Rami Sinno.

Nvidia is not the only chip company to have offloaded its stake in Arm in recent years. In August 2024, Intel raised approximately $146.7 million from the sale of 1.18 million shares in the chip designer.