SoftBank has announced plans to acquire the chip startup Ampere for $6.5 billion in an all-cash deal that “broadens its AI infrastructure investments.” For the last eight years, Ampere has been designing high-performance processors tailored for cloud computing, AI workloads, and data centres.

SoftBank Group Corp. has agreed to acquire semiconductor designer Ampere Computing LLC in a move that further broadens the Japanese investment firm’s push into artificial intelligence infrastructure.SoftBank is buying Ampere in an all-cash transaction that values the Santa Clara,

The move is a bet that Ampere’s chips can begin playing a significant role in data centers for creating artificial intelligence.