Apple and Samsung Electronics will reportedly invest in SoftBank Group-owned chip designer Arm at its initial public offering expected in September. It was 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 it was reported by media sources that the company was in discussion with U.S. chip designer NVIDIA as an anchor investor for the New York listing.
As soon as the company is listed on the market, tech majors like Apple, Samsung, Nvidia and Intel plan to invest in Arm, as per a news source. It also said, the SoftBank-owned firm will officially apply to the U.S. Securities and Exchange Commission for the listing later this month.
The long-awaited IPO is seen as a potential windfall for Softbank founder and CEO Masayoshi Son’s sprawling tech conglomerate.
The U.S. listing may collect between $8 billion and $10 billion, according to a news agency.
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