Source: Tech – South China Morning PostNvidia Corp is quietly preparing to abandon its purchase of Arm Ltd from SoftBank Group Corp after making little to no progress in winning approval for the US$40 billion chip deal, according to people familiar with the matter.Nvidia has told partners that it doesn’t expect the transaction to close, according to one person, who asked not to be identified because the discussions are private. SoftBank, meanwhile, is stepping up preparations for an Arm initial public offering as an alternative to…Read More