It is stated that the chip designer Arm is in talks with Nvidia, the world’s most valuable chip maker, for the IPO.
According to the Financial Times, SoftBank Group Corp. chip designer Arm Ltd., backed by It is meeting with Nvidia to join a group of potential investors for its initial public offering.
The Financial Times stated that Nvidia, a longtime partner and customer of Arm, is looking to invest in a valuation of between $35 billion and $40 billion.
Bloomberg previously signed up for Nvidia rival Intel Corp. to participate in Arm’s biggest IPO of the year. He reported that he was in talks with potential strategic investors, including
SoftBank founder Masayoshi Son said he hopes Arm’s IPO will be the largest ever for a chip company. While the valuation of Arm has not been determined yet, it is stated that there may be a valuation of between 30 billion and 70 billion dollars for the company.
Arm’s success is critical for the Tokyo-based investment company that bought Arm for $32 billion in 2016 to get back on its feet after losing billions in startup investments.