Nvidia has now officially abandoned its $40 billion acquisition of chip designer Arm, which has left current owner SoftBank in the lurch. The Japanese MNO was looking to turn an $8 billion profit, after paying $32 billion for Arm back in 2016. Facing stiff regulatory pressure, Nvidia chose to ditch the vehicle that would have given it many expansionist channels. Nvidia announced its bid in September 2020, prepaying some $1.25 billion that is notably not being returned. Nvidia’s share price growth would now value the deal nearer $66 billion, as the deal relied mostly on stock. SoftBank is now looking to IPO Arm, with a deadline of March 2023, and will be hoping that the market values Arm in the…