According to Reuters, Intel (INTC.O) is in talks with SoftBank Group Corp.’s (9984.T) Arm to be an anchor investor in the chip designer’s IPO.
Arm will sell its Nasdaq shares later this year to raise $8–10 billion, Reuters reported in April.
Arm’s innovations are used to create CPUs by Intel, AMD, Nvidia, and Qualcomm. It’s not. An IPO investment by one or more businesses would immediately impact Arm’s commercial partnerships.
The chip designer’s April confidential stock exchange offering set up the year’s largest IPO. Reuters received no response from Intel or Arm.
