U.S. graphics chip maker Nvidia said it plans to buy U.K.—based Arm Holdings in a deal worth up to $40 billion, in a move that would create a global powerhouse in the industry. Under the terms of the deal, Nvidia will pay SoftBank $21.5 billion in stock and $12 billion in cash. Nvidia CEO Jensen Huang join "Squawk on the Street" by phone to discuss the deal. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

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