Apple, Samsung, Nvidia and Intel to Invest in SoftBank Group-Owned Chip Firm Arm at IPO: Report
Apple and Samsung Electronics will invest in SoftBank Group-owned chip designer Arm at its initial public offering (IPO), expected in September, Japan's Nikkei newspaper reported on Tuesday. Reuters reported in June that Arm was in talks with some ten companies - including Apple, Samsung, and Intel - with the aim of bringing on one or more anchor investors in the offering. Last month, Reuters and other media reported that Arm was in talks to bring in US chip designer Nvidia as an anchor investor for the New York listing. Apple, Samsung, Nvidia, and Intel all plan to invest in Arm as soon as it is listed on the market, the Nikkei said. The SoftBank-owned firm will officially apply to the US Securities and Exchange Commission for the listing later this month, the newspaper said. Arm plans to sell the chipmakers stakes of "a few percent each", the newspaper said. SoftBank declined to comment. Apple, Nvidia, and Intel did not immediately respond to a Reuters' req