Nvidia is seen as a cornerstone investors in U.K.-based chip designer Arm is down to its prominence as an AI player,
U.K.-based Arm is hoping to bring on Nvidia Corp. as a cornerstone investor as the chip designer moves toward an initial public offering this year, the Financial Times reported on Wednesday, citing sources.
As... U.K.-based Arm is hoping to bring on Nvidia Corp. as a cornerstone investor as the chip designer moves toward an initial public offering this year, the Financial Times reported on Wednesday, citing sources. As Arm plans to make artificial intelligence a key part of its plans for growth, the involvement of Nvidia is pivotal, one of the sources the FT quoted said.
Japanese multinational investment holding company SoftBank 9984 purchased Arm in 2016 for roughly $32 billion, and said it would pursue an IPO after Nvidia called off a $40 billion acquisition in February 2022. Big anchor investors such as Nvidia are seen as shoring up support for the chip group as Softbank trims its stake, the FT report said.
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