Arm Ltd., the British chip designer owned by Japan’s SoftBank Group Corp., is seeking a strategic investor, potentially including Intel Corp., to anchor its...
Arm Ltd., the British chip designer owned by Japan’s SoftBank Group Corp., is seeking a strategic investor, potentially Intel Corp., to anchor its highly anticipated initial public offering, Bloomberg News reported late Monday.
Citing sources familiar with the matter, Bloomberg reported that Arm has held talks with multiple companies, including chip giant Intel, to participate in the IPO, noting that talks were in early stages and may still fall apart. It was unclear how much investment Arm was seeking, Bloomberg said, or under what terms.
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