Arm plans to become a public company, and now big companies are lining up to invest in it.
Arm, the chip design company owned by SoftBank, is attracting major investors from around the world. According to published reports, Apple, Samsung, Nvidia, Intel, and Amazon are reportedly planning to buy the company’s shares in September ahead of the IPO.
The British chip designer plays an important role in the technology industry. Arm’s core expertise is in licensing chip designs to companies, allowing tech giants around the world to manufacture and customize semiconductors in their factories. Now, as reported by Nikkei Asia, Arm plans to sell its shares for “a few percent each” to help stabilize its share price.
From Apple to Intel; Arm investors
In the continuation of this report, it has been said that some of Arm’s biggest customers, including Apple, Samsung, Nvidia, and Intel, all of which have used the company’s architecture in their chips, plan to invest in it. Reuters has also announced in a separate report that Amazon is also planning to become a major investor in Arm.
Arm announced plans to go public last year after Nvidia’s $40 billion deal to buy the company fell through due to “significant regulatory challenges.” Rene Haas, Arm’s CEO, said last year that the company was “shifting into other markets (such as licensing chip designs for cloud computing products),” which is why it decided to pursue an IPO.
Haas said at that time:
“We have diversified our business not only by developing different products but also by addressing it through different parts of our business model strategy. We knew that our business would prosper. “All of the financial results that you’re seeing now, which are fantastic, and our team has done a great job on that, really started with what we did a few years ago.”
Arm is now hoping to strengthen its relationships with its customers as well as increase the appeal of its IPO by attracting major investors like Apple.