The importance of chip development and production is growing every day. Technology companies recognize this and often invest in this area to secure their future. For example, even though Samsung is based in South Korea, they have even a chip factory in the US. Now, the company has added another investment to its portfolio with its biggest rival. Apple and Samsung plan to invest in SoftBank Group’s chip design company, Arm, before its expected public launch in September. Here are the details…
SoftBank’s Arm IPO to Draw Billions in Investments from Apple and Samsung
Apple and Samsung re set to make strategic investments in SoftBank Group’s chip design company, Arm, before its much-anticipated initial public offering (IPO) in September. According to the latest reports, Arm had been in talks with the two companies for several months. Arm is currently leading supplier of chip designs for smartphones, tablets, and other devices.
Its technology is also used in data centers and other high-performance computing applications. The company is valued at around $35 billion, and the IPO is expected to raise billions of dollars. The SoftBank has been under pressure to raise cash, and the sale of Arm would be a major windfall. SoftBank acquired Arm in 2016 for $32 billion, and it has been looking to sell the company for several years. he IPO is expected to be one of the biggest tech listings of the year.
In addition to Apple and Samsung, Arm is also in talks with other potential investors, including Nvidia and Intel. The company is expected to announce the final list of investors in the coming weeks.
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