Apple and Samsung Electronics are preparing to invest in Arm, a chip designer owned by SoftBank Group, during its upcoming initial public offering (IPO) scheduled for September, according to Japan’s Nikkei newspaper. Back in June, Reuters reported that Arm was engaged in discussions with around ten companies, including Apple, Samsung, and Intel, with the intention of securing one or more anchor investors for the offering. In recent news, Arm has also been in talks with US chip designer Nvidia to secure their investment as an anchor investor for the New York listing. The Nikkei now reports that Apple, Samsung, Nvidia, and Intel are all set to invest in Arm following its market debut. The SoftBank-owned company plans to officially apply for the listing with the US Securities and Exchange Commission later this month. As per the Nikkei, Arm intends to sell stakes of “a few percent each” to these chipmakers. SoftBank, Apple, Nvidia, and Intel have not responded to requests for comments, and Samsung has yet to provide an immediate comment. The IPO is highly anticipated and could potentially bring significant financial gains to SoftBank founder and CEO Masayoshi Son’s expansive technology conglomerate. SoftBank has been pursuing an Arm listing after the collapse of its deal to sell the chip designer to Nvidia last year due to regulatory objections. Sources informed Reuters in April that the planned US listing could raise between $8 billion and $10 billion. At an earnings briefing on Tuesday, SoftBank’s chief financial officer did not disclose a specific listing date or fundraising goal but noted that preparations were progressing smoothly. Despite posting an unexpected loss, SoftBank expressed its intention to resume new investments following the return to profitability of its Vision Fund unit after six quarters. © Thomson Reuters 2023
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