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This is the best summary I could come up with:
Arm, the SoftBank-owned chip design company, is already lining up major investors.
Apple, Samsung, Nvidia, and Intel all plan on buying stakes in Arm when it goes public in September, according to a report from Nikkei Asia.
It specializes in licensing chip designs to companies, allowing the world’s tech giants to manufacture semiconductors in their own factories and apply customizations.
As reported by Nikkei Asia, Arm will sell each company stakes worth “a few percent each” to help stabilize its stock price.
Arm announced its plans to go public last year after Nvidia’s $40 billion deal to acquire the company fell through due to “significant regulatory challenges.” In an interview with Decoder last September, Arm CEO Rene Haas said he made the decision to file for an IPO as the company “began to pivot toward other markets,” such as licensing chip designs for cloud computing products.
All of the financial results you are seeing now, which are terrific and the team has done a fantastic job on, really come from work that was done a few years ago.”
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