Earlier today (4th August 2020), Samsung officially denied media reports that had suggested its interest in acquiring a minority stake in SoftBank’s Arm Holdings.
Previously, it had been reported that the South Korean tech giant had may acquire a minority stake of 3 percent to 5 percent in the British Chip designing firm. The reason for this buyout was pointed at reducing royalty payment costs, according to an industry source. However, Samsung has responded to this report and called it completely “groundless.”
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For those unaware, Arm licenses its chip design to various brands like Qualcomm, Apple, and Samsung. These companies then use the technology/architecture to develop their own chips for smartphones or other products. Although, the SoftBank Group, the parent company behind Arm Holdings, has recently shared interest in possible selling of the chip designed and was even in talks with Nvidia for a takeover.
SoftBank had previously acquired Arm Holdings for 32 billion US Dollars back in 2016 and is currently aiming at a partial or complete public offering of the chip designer. While many including Samsung had reportedly been interested, we will have to wait and see how this actually develops in the coming months.
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