Apple, Amazon, Microsoft, Other Arm Clients Turn Chip Firm's IPO Into Tug of War for Semiconductor Influence
A scramble among Arm Holdings's clients, comprising the world's biggest technology companies, to snap up shares in its initial public offering (IPO) is testing the semiconductor designer's adherence to not picking sides in the chip industry. Customers of Arm that have held talks about taking a piece of the IPO include Apple , Amazon , Intel , Nvidia , Alphabet , Microsoft , Samsung Electronics and TSMC , Reuters has reported. Arm is hoping for a valuation of up to $70 billion (roughly Rs. 5,80,600 crore) in the IPO, which will launch on the Nasdaq next month. These companies' interest is fueled by a desire to expand their commercial relationship with Arm and make sure that their rivals do not gain an edge, according to people familiar with the discussions. This is because Arm's customers view its semiconductor designs as an indispensable resource. They are used by more than 260 technology companies to make over 30 billion chips annually, powering 99 percent of ...