SoftBank Group Corp. is in advanced talks to acquire Ampere Computing LLC, people familiar with the matter said.

The deal could value Ampere at about $6.5 billion, Bloomberg reports. That’s a price cut from the $8 billion valuation in 2021, when SoftBank was in talks to buy a minority stake. Ampere designs ARM chips for the data center,

SoftBank is reportedly considering a $6.5 billion acquisition of Ampere Computing LLC, a semiconductor and chip designer backed by Oracle. While Ampere looks primed for a takeover, it is also exploring its strategic options,