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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

SoftBank in talks to buy UK's Graphcore - report

(Sharecast News) - Japan's SoftBank is reportedly in talks to buy Graphcore, a struggling British semiconductor start-up once valued at $2.8bn. Bloomberg cited people familiar with the deals as saying that the two companies have held discussions over several months but entered into more advanced deal talks recently.

It was understood that financial terms haven't yet been decided and the talks could still unravel.

One source said a final agreement isn't imminent.

Formed in Bristol in 2016, Graphcore develops designs for large "intelligence processing units." meant to help with AI software processing inside data centres.

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