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Qualcomm reportedly offers to invest in Arm as regulators threaten to block Nvidia’s $40 billion acquisition

101 Read — 14 June 2021 11:42
Qualcomm reportedly offers to invest in Arm as regulators threaten to block Nvidia’s $40 billion acquisition

U.S. chip goliath Qualcomm has said it is open to the idea of investing in U.K. chip designer Arm if the company’s $40 billion sale to Nvidia is blocked by regulators, according to a report from The Telegraph newspaper on Sunday.

Qualcomm’s incoming CEO, Cristiano Amon, reportedly said that Qualcomm would be willing to buy a stake in Arm alongside other industry investors if SoftBank, Arm’s current owner, listed the company on the stock market instead of selling it to Nvidia.

“If Arm has an independent future, I think you will find there is a lot of interest from a lot of the companies within the ecosystem, including Qualcomm, to invest in Arm,” Amon said, according to The Telegraph. “If it moves out of SoftBank and it goes into a process of becoming a publicly-traded company, [with] a consortium of companies that invest, including many of its customers, I think those are great possibilities.”

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Source : https://www.cnbc.com
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