HomeTechnologyApple and Samsung to Invest in Arm at IPO

Apple and Samsung to Invest in Arm at IPO

Apple and Samsung are both prepared to invest in SoftBank Group-owned chip designer Arm when it seeks to launch its initial public offering (IPO) in September. Both Apple and Samsung were among the 10 companies that Arm was in talks with over funding. Intel was also included.

Japan’s Nikkei newspaper reported that Apple, Samsung, Nvidia, and Intel are all planning to invest in Arm once it is listed on the stock market. It was previously reported that Arm was targeting Nvidia as an anchor investor, with the companies engaged in talks in July.

SoftBank has been looking to take Arm public since last year when its deal to sell the chip designer to Nvidia broke down amid objections from antitrust regulators. According to sources familiar with the matter, SoftBank could raise between $8 billion and $10 billion from the U.S. listing.

Arm is set to officially apply to the U.S. Securities and Exchange Commission later this month for its IPO listing.

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