SoftBank is near a deal to sell the British chip designer Arm to Nvidia, two people briefed on the matter said on Saturday, in a deal that would raise billions for the Japanese technology investor and create a powerhouse in the semiconductor industry.

The two sides are near an agreement for a cash-and-stock transaction whose price could potentially be more than $40 billion, these people said. They cautioned that final details have yet to be ironed out, and the talks could still fall apart.

A transaction could also raise concerns from antitrust regulators around the world and from customers of Arm’s chip designs, which drive the majority of the world’s smartphones, including the iPhone.

Nvidia is one of the world’s biggest computer chip companies, specializing in powerful chips that are used for computer graphics, data centers, cars and artificial intelligence. As of Friday, its market value was more than $300 billion, and its stock has been one of the best performers of any technology company this year.

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