Qualcomm has recently stated that it is ready to invest in Arm if the 40 billion US Dollars NVIDIA deal fails. This statement arrives as the takeover of the British chipmaker might be blocked by regulators.
According to a Telegraph report, the US Chipmaking giant’s chief executive Cristiano Amon said that Qualcomm would be ready to buy stake in Arm along with other industry players. At the moment, the NVIDIA deal to acquire Arm is currently under investigation by the UK Competition and Markets Authority. Similarly, concerns have also risen from other nations like the US and Japan, with Arm being under the ownership of Japan’s Softbank Group.
Amon stated that “If it moves out of Softbank and it goes into a process of becoming a publicly traded company, [with] a consortium of companies that invest, including many of its customers, I think those are great possibilities. We will definitely be open to it, and we have had discussions with other companies that feel the same way.” These other companies reportedly includes the likes of E-retailing giant Amazon, and even electric car maker Tesla.
Furthermore, the multi billion US Dollar from NVIDIA has been under scrutiny from various rival firms and regulators. Previously, we had also reported on Google and Microsoft raising their own concerns, citing that the takeover could potentially hamper competition in the market. So stay tuned for more, as we will be providing updates when additional information is available or any notable developments surface in the future.
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