(Reuters) – Intel Corp. is in talks with SoftBank Group Corp to be a major investor in the chip designer’s initial public offering, a source familiar with the matter told Reuters on Monday.
Reuters reported earlier in April that Arm plans to sell its shares on the Nasdaq stock exchange later this year, seeking to raise between $8 and $10 billion.
Arm’s designs are used in chips made by most of the world’s major semiconductor companies, including Intel, AMD, Nvidia, and Qualcomm. It was not immediately clear what effect any IPO investment by one or more of these companies would have on Arm’s business relationships.
The chip designer secretly submitted to regulators a listing on the US stock market in April, paving the way for the year’s largest initial public offering.
Arm and Intel did not immediately respond to a Reuters request for comment.
(This story has been corrected to clarify that Arm is a chip designer, not a chip maker, in paragraphs 1 and 4)
(Reporting by Anirban Sen in New York and Yana Gur in Bengaluru; Editing by Rashmi Aish)
