Ampere, the semiconductor business founded by former Intel exec Renee James, is reportedly on the cusp of selling itself to SoftBank — the latest in an ongoing saga over the company’s future ownership.

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,

SoftBank Group Corp. is reportedly getting close to acquiring chipmaker Ampere Computing LLC in a deal that would value the company at about $6.5 billion.

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

Founded by former Intel president Renee James, Ampere designs processors for data centre operations using Arm’s technology.