Intel, the world's leading manufacturer of computer processing chips, is now reported to be in discussions with Softbank to become the main investor in the future public offering (IPO) of Arm.
Arm is a chip designer that is widely used in the market, including by Qualcomm, Intel, AMD, NVIDIA, Samsung and so on. Previously, NVIDIA had offered to buy Arm, but the matter was not agreed upon by various parties leading to the cancellation of the transaction.
Now, after the sale and purchase did not proceed, Arm is looking for a public listing of their company on Nasdaq this year. Through the public listing, Arm aims to raise up to $10 billion.
For now, it is not yet known how much investment Intel will make – and whether it will have an impact on Arm's operations and business if it gets a stake through this public listing.
Tags
BUSINESS & MONEY